(EnergyAsia, November 22, Thursday) — Asia’s largest emerging economies like China, India and Indonesia are expected to continue to heavily subsidise their domestic fuel sales despite the exploding cost of oil. US crude futures rose to a new record high of $99.29 during the Asian trading day yesterday.The subsidies shield consumers from the full impact…
ASIA: Most countries to retain fuel subsidies despite rising oil price
Posted on November 21, 2007 by EnergyAsia