A Fruitless Search for Cheap Fuels and Pharmaceuticals

In a commentary posted on the Internet portal Delfi.lt, LFMI’s Senior Policy Analyst Žilvinas Šilėnas refreshes readers’ memory that despite the fact that taxes account for more than a half of the fuel price, politicians keep on faulting producers and gas-stations for high fuel prices. When pharmaceuticals price regulation did not answer the purpose, pharmacies got under attack, although it’s a repeated idea of “mark-up” regulation that needs to be blamed for. The author urges that cheap, tax-laden fuel should not be searched in gas-stations or cheaper medicines be looked for in regulated pharmacies – cheap fuel is where it’s not burdened with taxes and less expensive pharmaceuticals are where competition is unfettered.