Indonesia fuel prices may be raised to ease subsidy bill

The Indonesian government might consider raise prices of subsidized fuels in the country to prevent the growing subsidy bill from getting even larger with oil prices on the global market reaching records every week. Indonesia - a diesel and gasoline importer - provides hefty subsidies for fuel that is used by consumers, but with oil prices far above the 95 US dollar per barrel this becomes increasingly expensive.

“There is an option to raise the fuel price if global prices go beyond $95 a barrel budget assumption for 2008,” said an official at the Ministry of Mining, who declined to be identified. “If oil prices go higher and the subsidy passes the ceiling, then the government has to find a way to keep agreed subsidy level in place.” No further details were given by the official……
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Most likely more flights between Singapore and Bali

DENPASAR, 20 April 2008 - The government says it will add 350,00 seats each year on the air segment between Singapore and Bali in order to meet growing demand and sustain ambitious official tourism targets.

As reported on Tempo Interaktif, quoted Indonesia’s Minister of Culture and Tourism Jero Wacik who said: “from four trips each day we’ll go to seven. In this way we will add 350,000 seats each year. Wacik’s comments were made at a press conference in Jakarta on Wednesday, April 16, 2008, following a meeting with Vice President Jusuf Kalla.

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