JAKARTA : Indonesians must prepare for a potential hike in fuel prices as the government looks to control its ballooning energy subsidies amid high global oil prices, a cabinet minister said on Friday .
However, this may not be enough, as nearly all of the subsidised fuel quota has already been used, according to the finance ministry. "Please convey to the people that my feeling is we have to get ready in case a fuel price hike happens," Bahlil told a news conference, noting that it was fiscally unwise to spend 25 per cent of government revenues on subsidies.
Economists have criticised the government's decision to increase subsidies this year, saying this would take money away from projects with bigger economic impacts.
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