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Thread: Oil shortage in Wuhan

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[quote=JIMMYB,276122]"Loss of revenue by the bus operators (government?), loss of revenue by the retailers, and loss of wages by the workers."

The oil price is surging but the government requires to stablize the price and announces to punish these retailors who raise the price randomly. No wonder these retailers lose their revenue. As another post said, the SINOPEC and CNPC make no profit from oil selling.

"If this is the case, the government can allow the price to reach market level, or it can subsidise prices as a benefit to society as a whole. Otherwise, we see buses laid up or the company goes bust. "

I agree with you that China should make it market mroe free. However, they should intervene in stablize the oil prices at the moment. If they let the oil prices free, I guess that social unrest might be caused. All products prices have increased but people's salary haven't. How can they afford to buy goods? It is reported that the price of the scallion in Beijing has increased by 641.2%. Can you believe it?[/quote]

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