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Fuel Price

All articles tagged with #fuel price

Jakarta students rally against Prabowo spending, warn of a bankrupt Indonesia
asia-pacific2 months ago

Jakarta students rally against Prabowo spending, warn of a bankrupt Indonesia

Hundreds of Indonesian students rallied in Jakarta to protest President Prabowo Subianto’s spending priorities and this week’s gasoline price rise, naming the protest “Heading to Bankrupt Indonesia.” They demanded five points: cancel Prabowo’s flagship free meals and village-cooperatives programs, lower fuel and staple-food prices, and end “wasteful” spending. The government defended subsidies and the free meals program as public-health measures and said the protests are democratic, while critics fear expanded military roles could threaten democracy; protesters cited concerns about governance and potential fiscal strain on subsidies amid higher oil prices.

Cubans Brace for 500% Fuel Price Hike
economics2 years ago

Cubans Brace for 500% Fuel Price Hike

Cuba's government has announced a 500-percent surge in fuel prices, effective from February 1, as part of measures to address its budget deficit. The cost of regular and premium gasoline will rise significantly, leading to concerns about worsening inflation and economic hardship for citizens. The nation, already grappling with an economic crisis, is experiencing fuel and basic goods shortages, prompting fears of further price increases. The government also confirmed rises in electricity and natural gas prices, as well as adjustments to the exchange rate against the dollar, as it struggles to stabilize the economy amidst the pandemic and US sanctions.