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Fuel Subsidies: Will governments take advantage of the falling oil price to cut gasoline grants to their domestic market? We look at the economic arguments for and against with John Baffes, senior economist at the World Bank, which has long argued for the scrapping of all fuel subsidies worldwide. Plus, Katy Watson reports on the Mexican government's moves to cut subsidies, and Egyptian blogger The Big Pharaoh explains the role fuel subsidies play in Egyptian politics.

(Photo: A petrol station attendant in Jakarta, Indonesia, Credit: Romeo Gacad/AFP/Getty Images)