SUKARNO CUTS FOOD AND PETROL PRICES
(N.Z.P.A. Reuter—Copyright)
DJAKARTA, Jan. 20. President Sukarno has approved proposals to cut the price of food and petrol.
I The Antara news agency (quoted the Deputy Premier. II Dr. Chareul Saleh, as saying •Ithat, as a beginning, the price :!of petrol would be cut by i half. The price of petrol has sky-! • j rocketed in the last few 'weeks. It was increased by
62j times in December and was quadrupled on January 1. Dr. Saleh said the “decrease in prices of other commodities will be based on the decrease of the petrol price.” Decree Review He also said that President Sukarno had agreed to review the decree under which, when the rupiah was revalued earlier this month, old 10,000 and 50,000 rupiah notes could be changed into new notes, subject to a 10 per cent deduction for the Indonesian revolution. The new rupiah is worth 1000 old rupiahs. The announcement came after a week of demonstrations by students angered over rising prices, and an open Cabinet meeting to which the President invited student leaders last week.
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Bibliographic details
Press, Volume CV, Issue 30965, 22 January 1966, Page 13
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183SUKARNO CUTS FOOD AND PETROL PRICES Press, Volume CV, Issue 30965, 22 January 1966, Page 13
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