A Golden Opportunity
Tuesday, November 4, 2008
CALLS to reduce fuel prices have lately been quite strident, and for good reason. World oil prices have fallen drastically and are now below the retail price of premium gasoline set by the government. This means that Pertamina is now making a profit every time it sells premium gasoline. There should no longer be a subsidy.
Yet the government seems hesitant about taking a stance over this issue. The opposing interests of different sectors mean this
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