Monday, November 21, 2005

Facts of gasoline

Here, via Mark Thoma. Of course, in Indonesia, the story is way more complicated. The gasoline retail price here is not just about sum total of refining, distributing/marketing, taxes, and crude oil. It is made messier by complicated contract with foreign drillers, Pertamina's obligation to supply the army with special terms, etc. And there's the subsidy... And there's the cost-plus fee... And there's smuggling...

No comments: