<font size=2 color=#FF9900>Fuel</font><br />Still Sanguine - Economy - magz.tempo.co

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Fuel
Still Sanguine

Tuesday, July 22, 2008

The sale of non-subsidized petrol dropped dramatically as medium-class and luxury cars move over to Premium petrol. The market, however, remains optimistic.

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THE letters on the banner were huge. They read: “Subsidies are only for the poor. Is it right and proper that I should use subsidized fuel?”

The owner of the silver-colored Lexus Harrier felt it was right and proper. On Friday last week, at the Pertamina Petrol station in Jalan Gatot Subroto, Jakarta, this luxury car owner queued in the line of Premium petrol buyers, not those buying Pertamax or Pertamax Plus. “I can’t afford to pay the

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