16/11/2007
WorldWatch
The world has been watching the dollar and crude dance since it started we have noticed the sensibility of the markets also how fragile the crude situation is, any little happening anywhere in the world has a negative reaction on the price... In some countries this negative reaction is transported to the economy ... this is very evident on the economy and population of one particular European nation Portugal...Here we have one of the most expensive consumer prices for petrol in the world while next door in Spain the same product is +/- 25 cents per litre cheaper, these past three weeks GALP,BP ,Repsol increased consumer prices five cents per litre, how can the Government control inflation by allowing these petrol companies to practice the same prices all the time... one increases the others follow.. EU hates any monopolistic activity that affects EU citizens, so why don't these companies suffer some kind of sanctions?...why must the citizens of Portugal always be the ones to pay, we pay so many taxes that its impossible to mention all.
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