POWER UTILITY | Staff Reporter, Indonesia

Indonesia's fuel prices and power tariffs likely to remain stable for 2 years

Subsidies, on the other hand, will be hiked.

The Indonesian government plans to keep fuel prices and electricity tariffs unchanged over the 2018-2019 period and will hike subsidies in order to increase the domestic purchase power parity. This proposal will not disrupt the planned budgetary reforms.

The country's GDP increased by 5.07% in 2017 (the best pace in the last four years) but domestic consumption remained sluggish around 5%, a figure lower than the pre-crisis rate of 6%. The government spent IDR97.6tr (US$8.67bn) on energy subsidies in 2017 and plans to spend an additional IDR5tr (US$350m) for electricity subsidies in 2018.

This article was originally published by Enerdata.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.