Africa-Press – Gambia. The oil marketing companies should not be allowed to hold the government to ransom. The companies have formed themselves into a cartel, giving themselves extraordinary power over the supply and price of fuel. Cartels are not tolerated anywhere in the world. The USA with its liberal economy has the strongest anti trust laws in the world. The government should open up this sector and allow for more competition. If the government has to negotiate, it should negotiate with suppliers on a one-to-one basis and not with the cartel. While doing that, the government should review its subsidy policy critically and look at other options in respect of moderating the effect of high prices on the most vulnerable. The government should also look at the possibility of holding security stock of fuels at affordable levels.
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