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Strategies & Market Trends : Asia Forum

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To: Thomas Haegin who wrote (1738)	1/30/1998 4:23:00 AM
From: tom	Read Replies (1) of 9980

In Indonesia the local price of oil/petrol is subsidised but the IMF is forcing them to remove these subsidies (apart from stuff like Kerosene which is used by poor people). At the moment a litre of petrol is US$0.02/litre and so it probably should go up (also 20 Marlboro lights cost US$0.10). The population of Indo probably are going to be a bit annoyed when the price of fuel foes up 4-fold. Indo does make a fair bit of money selling oil + gas (it makes US$4bn/year just from selling natural gas) and it probably should step this up a bit to bring in the US$ (or borrow money securitized on the revenues from it.

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