BUSINESSMEN, FARMERS CAUTIOUS ABOUT CPO PRICE REBOUND

       Jakarta, Jan 29 (ANTARA) – Business players and farmers are giving cautious response to signs of improving crude palm oil (CPO) prices after plunging by over 60 percent from about US$1,200 per ton in March to about US$400 per ton in December last year.    “Although the price is going up it is believed that [...]

GOVT MOVING AT SNAIL’S PACE TO DECIDE FUEL PRICES

Jakarta, Dec 13 (ANTARA) – After sky-rocketing from US$120 a barrel in May to US$147 in July, the world crude price fell to about US$40 a barrel this month, leaving the government confused about how to readjust domestic oil prices. When the crude price in the world market hovered at [...]

GOVT EXPECTED TO CUT GASOLINE, DIESEL OIL PRICES

Jakarta, Dec 6 (ANTARA) – Amid calls for domestic fuel oil price cuts, the government is now considering the lowering next month of diesel oil and premium gasoline prices as part of its efforts to alleviate the people’s burden and to stimulate the economy. “We are still conducting [...]

GOVT LOWERS PREMIUM GASOLINE PRICE

Jakarta, Nov 7 (ANTARA) – After various calls and public pressures, the government finally decided on Thursday to lower the price of subsidized premium gasoline from Rp6,000 to Rp5,500 per liter effective on December 1, 2008. But observers said the government’s decision did not significantly benefit small people as it [...]

GOVT CONSIDERING LOWERING FUIL OIL PRICES

Jakarta, Oct 27 (ANTARA) – When  crude prices in the world market were hovering at US$120 a barrel in  May this year, causing fear that it would push up fuel subsidy to more than Rp125 trillion, the government was prompted to raise domestic fuel oil prices by an average of 28.7 percent.  The government raised the prices [...]