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New fuel prices up by 126% JAKARTA - The government announced early on Saturday that the prices of fuels for domestic consumption raised in an average of 126 percent.

Coordinating Minister for the Economy Aburizal Bakrie announced at the Ministry of Finance compound that premium gasoline was raised from Rp 2,400 to Rp 4,500 (23 U.S. cents to 44 U.S. cents) per liter while diesel fuel is raised from Rp 2,100 to Rp 4,300 per liter. Kerosene, mostly used by poor families, was raised almost two-fold from Rp 700 to Rp 2,000.

The announcement, initially planned at 10 p.m. on Friday, was made after a prolonged Cabinet meeting at the Presidential Palace.


Link to related event Related event:
Fuel price hike 1 October 2005

Related blog entries (category 'General') Related blog entries (category 'General'):
30 September 2005 · Household oil Rp 2.000, Premium Rp 4.500, diesel Rp 4.300
30 September 2005 · Police fires tear gas at Jakarta students
30 September 2005 · Short news around fuel price hikes
30 September 2005 · Securing Jakarta: police concentrate on three locations
29 September 2005 · Protests gathering pace ahead of fuel price hike


Posted in General @ 30 September 2005 19:31 CET by Jeroen · 'Blog' RSS feed · permalink





Jeroen
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Almost double the price.. I expected a big rise, maybe somewhere near Rp 4.000, but this is more than everyone seemed to expect.



londoh
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Better do it as it should be done at once they would have thought, instead to raise the prices once again in a few months. Police and Army will be "Siaga nomor satu" the coming days. Rakyat Indonesia will be outraged. Billions of $/Rp are corrupted the common man have to pay. Another proof of mismanagement of the Republik Indonesia. What a mess Emoticon: Nooo



Jeroen
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It should be done indeed. This is probably the only best thing to do now. As Yudhoyono said :"Kenaikan Harga BBM Adalah Keputusan Pahit". I heard, prices in Yogya were already at Rp 5.000 a few minutes ago Emoticon: nice rounding of numbers.



londoh
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(Edited) Posted @ 30 September 2005 19:16

Tidak dihukumi ribuan koruptor besar adalah keputusan jauh lebih pahit. If one does one thing which seems important one should be also be brave to make decisions that are much more important if the future of the nation is at stake.



Jeroen
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I hope he will.. I really hope so.. but he will have to face bigger silent opposition to do that, than to raise fuel prices. At least now the Rupiah will be a little stronger and the government will have an additional Rp 10 trilyar to spend, if only a little bit reaches the common people.. it's at least something.



gmee01
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Hallo Londoh and Jeroen,
thats a different discussion: this language-issue.
About the oil-prices: this was already expected because the prices in the world also rose. And despite a promise of SBI ,one has to be pretty dumb, not to understand this had to happen.Most Indonesian know the petrol is subsedised. And a lot of this subsedised petrol was smuggled to Malaysia and Singapore. By whom, of course by people who have money, because who else can buy a tankfreight of petrol. This evening a taxidriver who drove me home did not expect that a lot of cars or motor-bikes would come to a stillstand. People here learned to adjust to a situation. Besides that real poor people get a subsidy of RP. 100.000,- a month to buy household-kerosene( app. 15.6 million ppl). I remember the sixties in Holland. We had the same problems. Prizes went up, there came social unrest and the wages went up. With this social unrest a higher level of political intrest. Which let to a better division in means(money, property etc.) untill there was a reasonable difference between the haves and have-nots. But here in Indonesia the Kencana-family is still around and they wont let go of their wealth that easy.
Besides that the prize of petrol will be rising till january 2007 untill it is on the level of the rest of the world. Because also Indonesians have to learn to live in reality. And that takes a prize, necessary and sometimes bitter. They cannot buy that much pulsar more for their mobil-phones. friendly greetings Gerard.



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