Saturday, May 24

Indonesia pushes up fuel prices

The Indonesian government has raised fuel prices by nearly 30%, prompting fears of widespread unrest.

Several hundred students protested against the move, clashing with police at Jakarta's national university. More than 100 people were arrested. The government is struggling to meet the cost of fuel subsidies as global oil prices escalate.

But it has put into effect a cash handout scheme worth $1.5bn to try to cushion the effect for the most needy. Malaysia is also considering overhauling its subsidy system, and Taiwan has decided to end a freeze on petrol prices in June.

They don’t have enough rice and now they will lose the oil?

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