Which Option to Choose?

Tempo

February 22, 2005

IT'S very difficult to imagine the government not increasing fuel prices. Especially bearing in mind that the global price of oil is now in the region of US$40 per barrel, while the assumed price set down in the 2005 State Budget amounts to only US$35 per barrel. If fuel prices are not increased, then the government will have to disburse subsidies—which Kwik Kian Gie refers to as "lost potential income"—of Rp4.4 trillio

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