I’m flummoxed by the mention of India and the UK cutting prices. - TopicsExpress

I’m flummoxed by the mention of India and the UK cutting prices. That’s neither here nor there. In India for instance, the petrol subsidy is fixed and prices adjust in line with the global market. With global crude prices declining, so will the retail price of petrol in India. The flip side is also true; when global prices rise, so will the pump price. The UK has full market pricing, and in fact taxes the use of petrol quite heavily along with taxes on car emissions. 60% of the price of a litre of petrol in the UK goes straight to the government, and UK drivers pay the second highest level of petrol taxation (and highest for diesel) in Europe. I can’t believe people are bringing up these examples. Tuan HishamH

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