Refer to “Gaza” conflict after Israel forces seized control of high-rise buildings and attacked smuggling tunnels in the tenth day of fighting with Hamas in Gaza on Monday, oil price was increase above US$ 48 per a barrel to day (06/01/09).
For the information that untill this time, the Israel’s offensive has killed at least 500 people, and about 25 percent of wom were civilians.
Start on the 1st of December 2008, we have to buy gasoline is only Rp. 5,500 per litre. As we know that the decreasing of oil price in the world has making our goverment to consider a further lowering of the reguler gasoline price from Rp. 6,000 become to Rp. 5,500 per liter.
Now (Dec, 05/08), the world’s oil price still continue to decrease ‘till below US$ 46 per barrel as a reaction to worsening global economic condition further to lower of oil demand.
Demand of oil raw material has been decreasing by continously. Now, oil consumption average was reached 18,7 barrel per day has decrease till 8.6 percent from the last year.
Oil market has depend on the decreasing of stock price in the global stock market. Although international banking institution has coordinating to decrease theirs interest rate but it was not a guarantee to cover the global economic crisis.
