The Problem with Oil
Monday, 14 March 2022
World oil prices are still out of control. Government’s reluctance to increase fuel prices could have fatal consequences.
THE increase in world oil prices should spur the government to think again about the appropriate price for fuel in this country. The increase causes losses for Pertamina because it has to cover the gap between retail prices and production costs. The government’s reluctance to increase prices could have fatal consequences for the national economy.
In the last year, world oil prices have increased by 60.59 percent. On Thursday, Mar...
Subscribe to continue reading.
We craft news with stories.
For the benefits of subscribing to Digital Tempo, See More
To receive daily news by Email, Sign up for Tempo ID.