What can governments do when petrol prices rocket?
- Written by Christoph Siemroth, Associate Professor (Senior Lecturer) in Economics, University of Essex
LSP EM/ShutterstockThe price of oil has changed a lot in the last few weeks. There have been dips as well as peaks, but generally, since the the start of the US-Israeli attacks on Iran at the end of February, the black stuff has been getting more expensive.
As a direct result, petrol and diesel prices in the UK have also rocketed.
Motorists have...
