Conventional wisdom is that falling oil prices provide significant economic stimulus, but many Asian countries appear to be missing out on much of the benefit. While Brent crude has dropped 51.7 percent in the past 12 months, the retail prices of gasoline and diesel in major countries across the region haven’t fallen by anything like as much. China, the world’s largest crude importer, dropped the retail ceiling price of gasoline by 125 yuan ($19.64) a tonne from Wednesday, taking it to 6,830 yuan a tonne. The retail ceiling for diesel was lowered by 120 yuan a tonne to 5,790 yuan, the sixth straight price cut since June. However, since September last year, the retail ceiling for gasoline has dropped 24 percent and by 29 percent for diesel. While […]