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Transcripts for BBCNEWS Outside Source 20211123 19:14:00

purchase them back at a lower price, as a matter of fact, so it s also a good deal for the government. the point is, we are talking about materially 50 80 million barrels released into the market. can this change the supply and demand balance of oil, and therefore, the prices? the answer is apparently, as we see from the market today, not that much. so that s always the case with strategic petrol reserve the effect is temporary and, in most cases, the effect is also very limited. so that s the petrol prices and they are feeding into the high inflation. last month, it surged to 6.2% that s the biggest 12 month jump since 1990. and this is how it s hurting. bacon prices are up 20% over the past year, eggs 12%, used cars are 26% higher.

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