Rallies expected across Indonesia as anger simmers over fuel price hike

Canada News News

Rallies expected across Indonesia as anger simmers over fuel price hike
Canada Latest News,Canada Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Thousands of people were expected to join demonstrations across Indonesia on Tuesday, police and union leaders said, as anger mounts over the government's hiking of the price of subsidised fuel in Southeast Asia's largest economy.

Under pressure to control a ballooning energy subsidy budget, President Joko Widodo on Saturday announced the price of subsidised fuel would be increased by about 30%, after weeks of speculation of a hike.Said Iqbal, head of the Indonesian Trade Union Federation, said in a statement late Monday that up to 5,000 people would protest in Jakarta and thousands more elsewhere, to demand the government revoke a decision that has hit workers, farmers, fishermen and the urban poor the hardest.

The national police chief on Monday instructed regional authorities to maintain calm by increasing efforts to explain to the public why the fuel hike was necessary. Subsidised fuel is a politically sensitive issue in Indonesia, but the government has worked hard to soften the blow by rolling out a series of compensation measures, including direct cash transfers.

The president on Saturday said the fuel price hike, the first since 2014, was his last option, due to fiscal pressure building. The move would cut subsidy spending by about 48 trillion rupiah this year to 650 trillion rupiah, a deputy finance minister said on Monday, but it would also see inflation accelerate.Reporting by Ananda Teresia; Writing by Kate Lamb; Editing by Martin Petty

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chicken Powder Is Your Quick Ticket to Pure, Complex Chicken FlavorChicken Powder Is Your Quick Ticket to Pure, Complex Chicken FlavorIt's got the depth of flavor you'd expect from a stock that simmered for hours.
Read more »

Philly-area gas prices dip below $4 per gallon for the first time in months, AAA saysPhilly-area gas prices dip below $4 per gallon for the first time in months, AAA saysDaily News | Philly-area gas prices dip below $4 per gallon for the first time in months, AAA says
Read more »

Southland Gas Prices On the Way Up AgainSouthland Gas Prices On the Way Up AgainGas prices across Southern California seem to be rising again after weeks of steady decrease.
Read more »

Extreme triple-digit heat expected Sunday across Southern CaliforniaExtreme triple-digit heat expected Sunday across Southern CaliforniaSunday is expected to be another day of extreme heat across Southern California.
Read more »

The US is in a housing recession. Here's what that meansThe US is in a housing recession. Here's what that meansThe Federal Reserve likely triggered a recession in the housing market with its interest rate hike campaign as rising borrowing costs price out first-time buyers.
Read more »



Render Time: 2025-02-27 12:01:15