JAKARTA: Indonesia will ban palm oil plantations and mining firms from using subsidised fuel from September 1, an official at the agriculture ministry said on Thursday, in a bid to reduce the strain on the country's budget.
Fuel subsidies have made Indonesia's pump prices the cheapest in Asia and about half the market rate. The state spent about $18 billion on fuel subsidies last year, which is expected to rise to about $20 billion in 2013.
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