Effects of recent and expected fuel price increase on transport and logistics
Monday, May 30, 2022 | 4610 Views |
Going up: Fuel prices anchor the costs of nearly every other service in the economy PIC: MORERI SEJAKGOMO
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.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...