Possibly the worst idea I've heard since somebody suggested using Marmite as Diff lubricant..
The vast majority of the price of petrol is TAX. That is the governments depmartment, not the oil companies. So the government is where efforts would have to be focused, perhaps banning Futures Trading on petroleum.
But rest assured, if they drop the tax on fuel they will raise it elsewhere as the government is practically bankrupt.
Happy Days
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