Watching the World: Indonesia eyes fuel use cuts

07/25/2005
Indonesia plans to raise import duties for luxury cars as one of several possible measures to reduce fuel consumption. That’s almost embarrassing for a member of the Organization of Petroleum Exporting Countries.The planned import duties for luxury cars are part of government efforts to reduce nationwide fuel consumption and keep fuel subsidy spending within the target of 76.5 trillion rupiah this year, said Aburizal Bakrie, coordinating minister for the economy.Meanwhile, a senior energy ministry official announced that the government would increase fuel prices for companies in the mining and-get this-oil industries later this month.Oil sector squeezed...“The Ministry of Ener...
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