{
    "success": true,
    "data": {
        "id": 1428730,
        "msgid": "the-effect-of-higher-lubricant-prices-1447893297",
        "date": "1999-03-27 00:00:00",
        "title": "The effect of higher lubricant prices",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "The effect of higher lubricant prices A \"bonus\" to add to the burdens which the Indonesian people already shoulder in the crisis has been dispensed by our esteemed state-owned oil company Pertamina, which has announced a 55 percent increase in lubricant prices. Without taking advance measures to prepare the public, the company decided that the unilateral decision would be effective as of yesterday (March 25).",
        "content": "<p>The effect of higher lubricant prices<\/p>\n<p>A \"bonus\" to add to the burdens which the Indonesian people<br>\nalready shoulder in the crisis has been dispensed by our esteemed<br>\nstate-owned oil company Pertamina, which has announced a 55<br>\npercent increase in lubricant prices. Without taking advance<br>\nmeasures to prepare the public, the company decided that the<br>\nunilateral decision would be effective as of yesterday (March<br>\n25).<\/p>\n<p>We understand that the company's overheads have risen due to<br>\nrising operation costs and other expenditures. But considering<br>\nthat everybody else is already suffering from price hikes,<br>\nPertamina should have refrained from increasing the price of its<br>\nlubricants.<\/p>\n<p>During the economic crisis, any price increase is a sensitive<br>\nmatter. As an important cost component in the production of goods<br>\nand services, lubricants play a relatively significant role. Any<br>\nincrease in their prices is certain to trigger increases in the<br>\nprices of other goods and services, thereby imposing an added<br>\nstrain on the already severely taxed consumer.<\/p>\n<p>-- Bisnis Indonesia, Jakarta<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/the-effect-of-higher-lubricant-prices-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}