Petrol 3p a litre.
Discussion
Pentoman said:
Likely to be subsidised by their government. Not sure why they do this. Perhaps a good way to stay in power? Perhaps a good way to say "look our country is better than the West - look how expensive it is for them just to drive to work." Not sure.
The prices are pretty meaningless without knowing average wage and hence a way to convert to hours of work per litre.marshalla said:
The prices are pretty meaningless without knowing average wage and hence a way to convert to hours of work per litre.
A comparison to, for instance, the cost of a Mars Bar or Big Mac is useful too. Something the common man could be expected to easily afford that is available in either country...louiebaby said:
A comparison to, for instance, the cost of a Mars Bar or Big Mac is useful too. Something the common man could be expected to easily afford that is available in either country...
Takes 126 minutes to earn a big mac in Caracas. For comparison it takes 10 minutes in Tokyo. louiebaby said:
A comparison to, for instance, the cost of a Mars Bar or Big Mac is useful too. Something the common man could be expected to easily afford that is available in either country...
mars bar is probably a bad example, in nearly every country i've been to (including a load of developing\3rd world places), chocolate bars are significantly more expensive than here in the UK - typically around a quid each.The Moose said:
I bought 150 litres for £20 (including a massive tip, proportionally) of diesel a couple of years back in Libya.
The trouble is that having this kind of fuel abundance prices is an open invitation for the US to cut you from the herd, kick-off with you for some spurious reason, invade you and nick it all.5lab said:
mars bar is probably a bad example, in nearly every country i've been to (including a load of developing\3rd world places), chocolate bars are significantly more expensive than here in the UK - typically around a quid each.
So why don't divert taxes from fuel to stuff that make people fat, they can claim it is tackling an obesity problem and make everyone feel better about fuel prices. This will make them happier, more likely to spend money on stuff including sweets that they eat when they are on happy days out in the car, win win. SSBB said:
It's heavily subsidised.
But when they refine oil, you don't just get petrol from it. There's all sorts in there. What's in a Barrel of Oil?
Edited by Pannywagon on Wednesday 11th May 10:26
Pannywagon said:
But when they refine oil, you don't just get petrol from it. There's all sorts in there.
What's in a Barrel of Oil?
Even accouting for the other fractions, you aren't recouping refining, distribution and marketing costs at 3p a litre.What's in a Barrel of Oil?
Edited by Pannywagon on Wednesday 11th May 10:26
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