Price Controls on Gasoline in Certain Asian Countries
In Malaysia and Indonesia, which have the cheapest petrol in Asia, fuel subsidies account for over 10% of total government spending. [...]
Not only are price controls no long-term cure for inflation, argue many Western commentators, but if domestic fuel prices are not allowed to rise in line with crude-oil prices, then motorists from Beijing to Bangalore will guzzle more oil. This, in turn, pushes global oil prices higher.