JAKARTA - The Indonesian government says it is cutting petrol prices by more than six percent from the first of next month, in a bid to ease inflation and spur economic growth. The finance minister, Sri Mulyani Indrawati, says while the government is responding to public demand for cheaper fuel, diesel and kerosene prices will not be altered.
Indonesia raised fuel prices in March by an average of around 30 percent to contain the spiralling cost of its multi-billion dollar subsidy scheme in the face of high global oil prices.
However, oil prices have more than halved since reaching record highs above 147 dollars a barrel in July.
Here in Australia they have dropped the price of petrol a bit. Tuesday is our cheap petrol day and you should see the cars they are lining up all the way out of the the petrol station onto the road. And there is a few service stations that between 8am-9am (or something like that) they sell the petrol for 90 or 99 cents a litre. Its utter chaos.
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