Indonesia Cuts Energy Prices in New Round of Economic Reform

Indonesia announced cuts in energy prices and electricity tariffs for the industrial sector, in the third installment of an economic reform package that the central bank said is boosting confidence in the rupiah and stock markets.

Regulated diesel prices were cut by 200 rupiah to 6, 700 rupiah (48 U.S. cents) per liter, effective three days from Wednesday, Coordinating Minister for Economic Affairs Darmin Nasution told reporters in Jakarta. Ceramic and chemical producers would also get cheaper gas starting Jan. 1, 2016, he said. Labor-intensive industries will get a 30 percent discount on electricity tariffs from 11 p.m. until 8 a.m., Nasution said.

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Posted October 9, 2015 by repit in News

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