Indonesia Raises Fuel Prices by About 30%

The video discusses the new Indonesian president's decision to raise fuel prices, marking his first major policy move. This decision aims to overhaul the economy by reducing fuel subsidies, which currently account for a significant portion of government spending. The increased fuel prices are expected to save the government billions and improve infrastructure, education, and health sectors. However, the move has sparked public protests and criticism, highlighting the political sensitivity of fuel subsidies. Historically, attempts to remove these subsidies have led to unrest, but the president aims to phase them out within three years.

What challenges does the new president face regarding the removal of fuel subsidies?

What did Jokowi say about the timeline for potentially removing fuel subsidies?