What are the potential impacts(both negative and positive) of this fuel liberalization policy to an economy such as Trinidad and Tobago located in the Caribbean? "the Ministry of Energy and Energy Industries posting the market based wholesale prices of premium gasoline, super gasoline and diesel on the first day of each month, except for the price of kerosene and Liquefied Petroleum Gas (LPG) which will remain under the subsidy mechanism" Please answer in more that 2 sentences/ 1 paragraph, thanking you in advance.

What are the potential impacts(both negative and positive) of this fuel liberalization policy to an economy such as Trinidad and Tobago located in the Caribbean? "the Ministry of Energy and Energy Industries posting the market based wholesale prices of premium gasoline, super gasoline and diesel on the first day of each month, except for the price of kerosene and Liquefied Petroleum Gas (LPG) which will remain under the subsidy mechanism" Please answer in more that 2 sentences/ 1 paragraph, thanking you in advance.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 11E: Federal excise taxes on gasoline vary widely across the developed world. The United States has the...

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