Diesel Prices

Citi Securities has predicted that if the government realizes its plan to increase subsidized fuel oil prices, it will trigger an inflation of about 8 percent to 8.5 percent. "We predict an inflation rate between 8 percent and 8.5 percent if the ...

It is widely known that the government plans to raise subsidized fuel oil price by June. Gasoline price will rise by Rp 2,000 (US$ 0.21) a liter to Rp 6,500 per liter, whereas diesel fuel price will climb by Rp 1,500 a liter to Rp 6,000 per liter.

Although the government has not yet decided to increase subsidized fuel price (BBM), the prices of goods in a number of areas has been creeping up. Decision whether to rise of fuel subsidies has caused uncertainty in the community. As a result, ...