Monday, December 08, 2003

The Price of Petrol(eo)

Here in Venezuela, an OPEC country, unleaded gasoline costs 97 Bolivars a liter. Unleaded petrol in England costs around 75 pence a liter. There are 27 Bolivars to each penny (£1 = 2,720 Bolivars) which means that petrol in Venezuela costs 21 times less than in England!

Both countries produce oil, one levies no tax, the other levies too much.