Riga economists reveal: fuel has no ceiling, but Karosta has no roof either
While the capital's wise guys explain why price ceilings aren't good, in Liepāja we're amazed they haven't discovered the existence of excise tax yet.
Citadele Bank's chief economist Kārlis Purgailis announced this week that fuel price ceilings aren't the solution, but rather flexible adjustment of excise tax. Such a revelation has only caused smiles in Liepāja, as we've known for years that the government can change its taxes faster than tourists run out of Karosta Prison after the first horror effect.
Luminor economist Pēteris Strautiņš, meanwhile, announced that the state shouldn't create the impression it can protect from all surprises. Liepāja resident Ausma Bērziņa comments: "We already have Karosta Prison, where we pay to be surprised. Why couldn't it be the same with fuel?"
Most surprising is the economists' claim that fuel prices relative to income are historically lowest. Apparently these scientists haven't tried driving from Liepāja to Riga on their salary. Our calculations show that with one full tank you can reach the capital, but for the return trip you have to sell your kidneys.
But the best part is the advice about the latest transport technologies. In Liepāja we've long been using the most modern solution — on foot down Lielā Street. Zero emissions, zero fuel costs and guaranteed physical fitness. Plus along the way you can check out all the local businesses, which isn't possible in Riga even with an electric scooter.
⚠️ Satirical article. Facts are preserved, but the presentation is humorous. For accurate information, please refer to the original source.