Opinion / Columnist
Tollgate fees, fuel reviews lead to price increases
06 Feb 2021 at 07:05hrs | Views
ON January 31, 2021 Zimbabwe National Road Administration (Zinara) introduced a dual pricing system and hiked toll fees for road users by 100%.
Recently, there was an increase in fuel prices and now an increase in tollgate fees, economic fundamentals simply say if you raise fuel prices and tollgate fees, these have
a domino effect on the prices of products and services.
The ruling party should not cry, but demand that the government should not increase prices in these times of COVID-19, where every business is struggling.
The ruling party should note that fuel and tollgate fee increases are the two important economic elements that have a direct impact on the nation's day-to-day lives.
Any increase in fuel and tollgate fees has a direct impact on the company or organisation's transport costs and has a domino effect on the price of goods and services.
These are the basic fundamental effects of economics.
Recently, there was an increase in fuel prices and now an increase in tollgate fees, economic fundamentals simply say if you raise fuel prices and tollgate fees, these have
a domino effect on the prices of products and services.
The ruling party should not cry, but demand that the government should not increase prices in these times of COVID-19, where every business is struggling.
Any increase in fuel and tollgate fees has a direct impact on the company or organisation's transport costs and has a domino effect on the price of goods and services.
These are the basic fundamental effects of economics.
Source - newsday
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