Which means they're exposed to any material costs a lot. So, when a company like BP or Shell raises fuel price by 33%, they're forced to match it or maybe try

Which means they're exposed to any material costs a lot. So, when a company like BP or Shell raises fuel price by 33%, they're forced to match it or maybe try to get more things sourced locally, cut out middlemen - rather hard. Usually they'll raise the price a bit more further.