Taking Another Hike
Tuesday, January 8, 2002
A fuel price rise is planned for the end of January; yet speculation and hoarding already started at the beginning of this month. Who suffers? Who else but those at the bottom.
arsip tempo : 178036547918.
The golden age of oil in Indonesia has long since passed. The beginning of year 2002 even saw us entering an era of oil scarcity. No more revenues from oil exports. The opposite is happening: oil imports are increasing due to increase in domestic demand, while fuel smuggling stays rampant.
The news is, the main reason for fuel smuggling is the cheap domestic price—due to subsidies—and higher prices abroad. So oil smuggling is one
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