Indonesia to Maintain Fuel Prices

 

(VIVAnews/Nurcholis Anhari Lubis)

 Indonesian government holds back plan to increase subsidized fuel prices amidst growing concerns on soaring world oil prices following political conflicts in Libya.

"The government has yet to consider a rise in fuel prices," said Coordinating Minister for the Economy, Hatta Rajasa, in Jakarta today, Feb 25.

World oil prices are expected to remain stable at US$90 per barrel while the the government has set oil prices at US$80 per barrel in the 2011 State Budget. 

Earlier, economic analyst Faisal Basri said in a statement that if the government refuses to raise fuel prices in phases, it will have to spend more on fuel.

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