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INDONESIA'S GOVT STUDIES PROPOSAL TO RAISE FUEL OIL PRICES.
JAKARTA, May 1 Asia Pulse - The government is still studying the Indonesian Chamber of Commerce and Industry (Kadin)'s proposal to President Susilo Bambang Yudhoyono for an increase in the prices of subsidized fuel oil, a minister said.
"The issue of fuel oil price hike will eventually be decided politically. To take the decision is not easy," Minister of Energy and Mineral Resources Purnomo Yusgiantoro said when opening a seminar on crude price hike here on Wednesday.
President Yudhoyono himself had hinted that raising the prices of subsidized fuel oil was the last option, the minister said.
But he added the government would likely study the proposal as part of efforts to address skyrocketing fuel subsidy due to the surging global crude prices.
The global crude prices which are hovering above US$115 a barrel ...
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