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The Problem with Oil

Monday, March 14, 2022

World oil prices are still out of control. Government’s reluctance to increase fuel prices could have fatal consequences.

arsip tempo : 173055083567.

The Problem with Oil. tempo : 173055083567.

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

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