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Effects of recent and expected fuel price increase on transport and logistics

Monday, May 30, 2022 | 4600 Views |

Going up: Fuel prices anchor the costs of nearly every other service in the economy PIC: MORERI SEJAKGOMO

Businesses continue to face challenges on all fronts, in addition to struggling to adjust their balance sheets to meet inflated commodity prices.

Rising fuel costs is one bump that is felt by businesses of all structures and sizes. As fuel prices continue to rise, companies are faced with the options of operating at a loss, charging their clients a higher rate, or exploring out-of-the-box ways to save on costs.

Increases in fuel prices affect a number of activities in Transport and Logistics with a resultant effect of a rise in commodity prices.

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Effects of recent and expected fuel price increase on transport and logistics

Businesses continue to face challenges on all fronts, in addition to struggling to adjust their balance sheets to meet inflated commodity prices.