Power hikes ‘will depend on oil prices’

The size of the looming electricity hikes will depend on oil price movements and the amount of money the government can spare to subsidize state power firm PT PLN, Vice President Jusuf Kalla said Friday.

Kalla was responding to mounting protests from the business community over the possible power hikes, with some firms saying they will not be able to survive another increase in utility prices amid lingering economic difficulties.