Reduce Oil Prices

Tuesday, December 16, 2008

The government has been slow in reducing domestic oil prices. This should be an opportunity to eliminate subsidies.

. tempo : 173228434895.

THE government should be following the downward trend of global crude oil prices. Last weekend, world prices fell to US$40 per barrel and prices for 2009 are forecast to be US$60-70.

Although global prices dropped by more than half the previous level, the government still has not cut domestic prices in a significant way.

Only once this year, in early December, the government reduced the price of premium gasoline from Rp6,000 to Rp5,500. The go

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