TEMPO.CO, Jakarta - President Susilo Bambang Yudhoyono (SBY) said that his government will not raise subsidized fuel prices because it will further burden the people.
"If I raise the price again this year it will gravely burden the people. It is pitty to let them bear the burden," President Yudhoyono said on Friday evening as quoted by Antara News.
He said that over the past several years, the government has taken a number of policies regarding price hikes.
The government hiked fuel prices by 33 percent in 2013, electricity rate and in the near future the price of 12-kg LPG canisters.
If the prices of subsidized fuels are increased it will put further burden on the people, Yudhoyono stated.
The president noted that fuel oil price increase would boost good price hikes (inflation) and drive further poverty rate.
"So, there no strong logical reason for hiking fuel prices now. Moreover, we have decided to increase the prices of electricity and 12-kg LPG canisters. This is the position of the current government," President Yudhoyono said.
ANTARA
