Historic Opportunity to Reduce Global Fuel Subsidies

Historic Opportunity to Reduce Global Fuel Subsidies

by Lucas Davis

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Global Fuel Subsidies

Low crude oil prices are making the impossible possible. Back in August, the UAE rolled back gasoline and diesel subsidies, leading prices to increase by 25%. UAE’s energy minister, Suhail Al-Mazrouei, said the change was about “building a strong economy that is not dependent on government subsidies.”[read http://www.theenergycollective.com/lucasdavis/2289978/historic-opportunity-reduce-global-fuel-subsidies