Financial Times FT.com

Asia's subsidised oil

Published: August 18 2005 03:00 | Last updated: August 18 2005 03:00

Governments in Asia have devised all sorts of exotic measures to mitigate the damage inflicted by higher oil prices on budgets and import bills.

The Philippines has threatened fuel rationing. China has tried to reduce summer air-conditioning costs by increasing the temperature of government offices. Indonesia briefly restricted night-time television broadcasts, and the president has taken to wearing casual, cooler shirts to encourage the frugal use of electricity.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this