Govt to Slash Diesel Subsidy 50%, Generate Trillions in 2021 Savings
Note: This article was originally published in The Jakarta Post on 1 July 2020. Dr Alloysius Joko Purwanto was quoted .
House of Representatives (DPR) Commission VII overseeing energy on Monday approved a proposal from the Energy and Mineral Resources Ministry to cut the diesel subsidy by 50 percent to Rp 500 (3.5 US cents) per liter, on the back of expectations that crude prices will remain low in the aftermath of the COVID-19 pandemic.
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