Vehicles sit in traffic during rush hour in Jakarta, Indonesia, on Friday, May 10, 2019. Indonesia plans to relocate its administrative capital from Jakarta, with the move set to take up to a decade and cost as much as US$33 billion. Photographer: Muhammad Fadli/Bloomberg
JAKARTA: Indonesia's 2020 policy on energy subsidies will be "flexible" and loosely based on global oil price moves, government officials told reporters on Tuesday, but an extension of the current policy to freeze fuel and power prices wasn't ruled out.
President Joko Widodo ordered energy prices to be kept flat in 2018 and 2019 by hiking subsidies, which the government said was aimed at boosting domestic consumption though others criticised it as a populist move before a tough re-election campaign.
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