Indonesia considering hiking fuel prices as much as 40%, say lawmakers

JAKARTA, Aug 26 (Reuters): Indonesia may raise subsidised fuel prices by 30% to 40% to manage fiscal pressure from a ballooning subsidy budget, lawmakers from President Joko Widodo's ruling coalition government told Reuters on Friday.

Eddy Soeparno, a member of the National Mandate Party and deputy head of the parliament's energy committee, said he obtained the information in a closed-door parliamentary meeting with state oil company Pertamina earlier this week.