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The Pub For General Automotive Related Talk

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Old 25-11-2014, 12:26 AM   #1
STINKY NINJA
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Join Date: Mar 2010
Location: PERTH. WA
Posts: 4,697
Default global petrol prices.com

Wow i just had a squizz at this site,what a spin out!
1 cent us for a litre of petrol in venezuala(government subsidised) haha
Really cool to see who pays what around the world.

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Old 26-11-2014, 08:42 AM   #2
bobthebilda
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Join Date: Feb 2010
Posts: 1,242
Default Re: global petrol prices.com

Quote:
Originally Posted by STINKY NINJA View Post
Wow i just had a squizz at this site,what a spin out!
1 cent us for a litre of petrol in venezuala(government subsidised) haha
Really cool to see who pays what around the world.
It doesnt take an Einstein to sell Petrol for 1 cent a litre. All you need to do is subsidise the ***** out of it. You simply run 12 to 15% budget deficits (as percentage of GDP) just like Venezuela does. In 15 years time, the kids of these Venezuelan petrol users will be paying a much higher price (and not just in petrol).
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