Close
Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Fuel Prices Expected to Increase 40% in 2005
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Fuel Prices Expected to Increase 40% in 2005

Government Mulls Strategies to Ease the Economic Pain of Higher Energy Costs.


Bali News: Fuel Prices Expected to Increase 40% in 2005
Click Image to Enlarge

(12/12/2004)

Unable to sustain the massive budget burden of subsidizing consumer fuel costs, it now is all but a foregone conclusion that Indonesian fuel prices will rise by as much as 40% sometime in 2005. While fuel costs have traditionally been subsidized in Indonesia, recent steep increases in the world market price of crude oil have created a gargantuan burden for the cash-strapped national treasury. Current crude oil prices of around $40 a barrell and subsidized consumer energy costs could result in a added US$6 billion cost to national coffers, if left unaddressed.

Something Has to Give

While it is expected that increases in the cost of premium, diesel oil and industrial fuel will rise sometime soon in 2005, the Government may leave kerosene prices unchanged to safeguard the tenuous position of the nation's poorest.

Meanwhile, the Government is actively seeking input from legislators and others on the least socially disruptive means of increasing fuel costs. A number of scenarios are under review including allowing local fuel prices to freely follow world cruise oil prices or, alternatively, retaining a program of partial subsidies. Experts in some circles have issued cautionary warnings that a sudden increase in fuel costs could result in supply chain problems and the hoarding of critical fuel supplies.



© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.


 
 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Saved from the Satay Grill
Bali Water Police Rescue 51 Endangered Green Turtles
(11/21/2014)
Man of the People
President Joko Widodo Flies Economy to Attend Son’s Graduation in Singapore
(11/21/2014)
A Dozen Years for Homicide
19 Year-Old Male Prostitute who Killed American Paul Latourell Sentenced to 12 Years Prison
(11/21/2014)
Fire in Ubud
Massive Fire Destroys Clear Café and Five Nearby Homes in Ubud, Bali
(11/21/2014)
Gone, Fishing
High School Boy Drowns While Fishing at Serangan Island in Bali
(11/21/2014)
Poste Restante for Pick Up in 5-20 Years
Bali Customs and Police Arrest Local Woman for Receiving Narcotics by Parcel Post
(11/21/2014)
In the Event of an Actual Emergency
Bali Airport Bombed, Burnt and Crashed Into in the Course of a Single Day’s Safety Drill Simulation
(11/22/2014)
Become a Rock ‘N Roll King
Bali Hard Rock Hotel Rolls Out Venues and Services for their VIP ‘Rock Royalty’
(11/23/2014)
The Ferry Godfather
Ferry Tariffs Increase Between East Java and Bali
(11/23/2014)
Sanur Welcomes the Fairmont
Fairmont Take Charge at Regent Sanur Beach Resort
(11/23/2014)
Asia-Pacific Airlines to Gather in Bali
Garuda and Bali Indonesia to Host 59th Association of Asia-Pacific Airlines Meeting November 12-13, 2015
(11/23/2014)
Swept Out to Sea
73-Year-Old Dutch Tourist Drowns Off Legian Beach in Bali
(11/23/2014)
All [News]!