TITLE

Politics Of The Fuel Pump

PUB. DATE
November 2005
SOURCE
Asia Monitor: South East Asia Monitor Volume 2;Nov2005, Vol. 16 Issue 11, p3
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article presents information on the fuel prices and its political fallout in Indonesia. The importance of fuel prices as a political issue in Indonesia cannot be emphasized enough. It was a big rise in fuel prices in 1998 that was in part to blame for the downfall of long-standing dictator Makam Suharto following mass riots and violent clashes with the nation's security forces. President Sulilo Bambang Yudhoyono does not, understandably, want to make the same mistake. No doubt the president would prefer to avoid raising fuel prices altogether. However, the economic reality of the situation leaves him no choice but to raise prices in order to reduce the size of the fuel subsidies that at the moment account for more than a quarter of all government expenditure and that, once disbursed, allow petrol to be sold at some of the cheapest prices in the world.
ACCESSION #
18611849

 

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