Not Raised, Just Added

A number of industries are choking. Natural gas and alternative energy sources are wanted.

August 31, 2004

IF you travel abroad on Garuda, do not be surprised if a fuel surcharge is imposed. With the ever-increasing oil price, management of the national flag carrier has to think smarter. Last week, for example, the oil price touched US$47.5 per barrel, although it is now slowly declining since the Iraq crisis is subsiding.

Despite its downward slide, it is still two times US$22 per barrelthe oil price assumption in the National Budget used by Garuda as

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