Indonesian Minister of Energy and Mineral Resources Arifin Tasrif has announced that his government plans to raise prices on subsidised fuels to reduce fiscal tensions.
An attendant at a fuel station in Nusa Dua, Bali, Indonesia (Photo: wsj.com)
Jakarta (VNA) - Indonesian Minister ofEnergy and Mineral Resources Arifin Tasrif has announced that his governmentplans to raise prices on subsidised fuels to reduce fiscal tensions.
The increase will impact the price of Pertalitegasoline, Solar diesel and 3-kg liquefied petroleum gas canisters. The subsidisedfuels are being widely used in lower income households and businesses.
Arifin said that the ministry will keep aclose watch on the conflict in Ukraine, as its prolongation can lead to a risein oil prices, thus imposing a pressure on the State budget.
In addition, the Indonesia Government alsoannounced its plan to raise the price of electricity.
According to Arifin, in the short term, the electricitytariff adjustment plan could help the state budget save from 7 trillion rupiah(487.75 million USD) to 16 trillion rupiah in 2022 alone./.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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An attendant at a fuel station in Nusa Dua, Bali, Indonesia (Photo: wsj.com) 
