As fuel prices soar due to the Ukraine-Russia war, it would be a good time to actually lower energy demand. — Bloomberg
ENERGY prices are through the roof globally as Russia continues its war against Ukraine.
It’s all too tempting for governments the world over to attempt to lower them directly. Doing so, however, is a mistake. Not because people don’t need help: They do. But lowering the cost of each litre of petrol, each cubic metre of natural gas, is a mistake, in more ways than one.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
