Jakarta-Indonesian President Susilo Bambang Yudhoyono has announced a cut of 12.7% in subsidized diesel prices and a 9.1% reduction in subsidized gasoline prices from December 15 to reflect falling prices on world markets."We have decided to cut the gasoline and diesel oil prices from December 15,"Yudhoyono said in an announcement late December 14.Subsidized gasoline prices will fall to Rupiah 5,000/liter(45 cents)from Rupiah 5,500/1 currently,while diesel will be reduced to Rupiah 4,800/1 from Rupiah 5,500/1,he said.Retail prices for kerosene are unchanged at Rupiah 2,500/1.
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