Indonesia's president, Joko Widodo, began the new year knowing that he will now have trillions of fresh rupiah to spend that his predecessors have lacked. Having trimmed petrol subsidies in November, Mr Joko, who is universally known as Jokowi, scrapped them entirely from January ist. Small subsidies (1,000 rupiah, or eight cents, per litre) will remain in place for die-sel, used for public transport and by the country's millions of fishermen. But for the first time in decades, the price of petrol will reflect global market prices.
展开▼
