Indonesia hikes fuel prices nearly 30 per cent

Source: AP

JAKARTA, Indonesia - Indonesia raised prices at the pump by nearly 30 per cent late Friday because of the surging cost of oil and gas on the global market, the government said.

President Susilo Bambang Yudhoyono warned earlier this month that budget-busting subsidies, which have for years enabled motorists to fill up for roughly US$1.80 per gallon, would have to be drastically slashed.

...

Energy Minister Purnomo Yusgiantoro said gas prices were being boosted 33 per cent to around $2.50 a gallon. Diesel oil jumped 27 per cent to around $2.30 per gallon. And kerosene, used primarily for cooking, 25 per cent to around $1 per gallon.

Read more: http://www.cbc.ca/cp/business/080523/b052350A.html

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Welcome to the future.

It always was much higher than in the USA.

til 'unrelated' civil disobediences and other disturbances get reported from that nation ?