Indonesia Braces for Fuel Hike Protests, Soaring Inflation

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - JAKARTA. Indonesian authorities were on Monday bracing for mass protests after an unpopular hike in fuel prices, a move the government said could see inflation increase to 6,8% this year, though with limited impact on economic growth.

President Joko Widodo bit the bullet and raised subsidised fuel prices by about 30% on Saturday to rein in a ballooning energy subsidy budget, ending weeks of deliberation about the impact on the public and spectre of mass protests.