Solving oil and gas subsidy problem


Ah, near election time.

Dateline 2012-05-05:

THE argument against subsidising the country’s oil and gas has been made time and again, yet the decision to do away with it remains one that no government would be glad to make in a hurry.

One need only point to the recent examples of mass riots in Nigeria and Indonesia, where thousands took to the streets after their governments removed subsidies for fuel, as evidence that no matter the logic, this is hugely unpopular.

Nonetheless, it is a situation the Government has to resolve, and soon, as demand for gas heats up in the region.

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