@miennyma - KK knows how to successfully navigate the price controls... It gives them an advantage and so they prefer it that way.
I do not like price controls coz they distort the markets...
Why does GoK want to remove price controls? Simple. So they can shift the blame of higher fuel/retail prices to the OMCs in the wake of rising oil prices.
With price controls, the higher oil prices are translated to higher pump prices, and ERC sets the prices, and OMCs prefer that to being accused of price gouging by ignorant consumers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett