While Mahinda has politically reduced fuel prices before the Uva election and the Presidential election (September and December 2014), he could only really ride the global price wave. In the same way, this reduction, while politically timed, is also just reflected a global drop (plummet really) in crude oil prices. In many ways this price drop has more to do with shale oil production in the US and whatever the Saudis are thinking than with local Sri Lankan politics. indi.ca/2015/01/the-fuel-price-reduction-in-context/
Posted on: Thu, 22 Jan 2015 08:19:56 +0000
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