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Jakarta Post
The Jakarta Post
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The dilemma of energy subsidies

  • The Jakarta Post

| Fri, March 9 2018 | 01:21 am

PREMIUM Low international oil prices over the past three years have greatly helped President Joko “Jokowi” Widodo to maintain prudent fiscal management, enabling him to slash fuel energy by one-third only one month after his inauguration in October 2014, and invest the annual savings of US$15 billion in infrastructure development.

Given the high volatility of oil prices and Indonesia’s posit...