Opinion / Columnist
Fuel price reduction is welcome!
12 Jan 2015 at 09:23hrs | Views
Reduction of fuel prices is a welcome development which all stakeholders should embrace with a sense of responsibility. Fuel is one of the most critical economic enabler which can either upset or stabilize any economy.
The global reduction in fuel prices comes as a precious relief to Zimbabweans at a time when the country is grappling with incessant effort to resuscitate and turn-around the fortunes of the local the economy. The prices of petroleum fell from $120 to $50 per barrel on the global market. This inversely implies that prices of this essential commodity fell all over the world, except on the local market.
Fuel dealers chose to ignore this development selfishly as they wanted to continue ripping-off their clients despite this reduction. This is a clear-cut market force which should stir a downward slump of pump prices. In this vein, Government directive to slash fuel prices by Wednesday this week is a sober and welcome development which we should all applause.
The projected direct effect of this development is immediate reduction in the cost of public transport fares, transportation of goods and reduced production costs of goods and services. This would lead ultimately to reduction in prices for basic commodities, and increased buying power for the citizens. Therefore, if this is applied properly through good compliance by all stakeholders we are to record a classic improvement on the living standards for the general populace.
However, I hope this can be achieved when extensive consultations with all closest stakeholders are done to create common purpose, and at the same time satisfying the ideals of all partners. This is important for us all to participate actively in sustaining public interest.
This is opportune time when we appeal to unscrupulous business persons to adopt functional business strategies that rescue the declining economy, bearing in mind that it is everyone's responsibility to defend national integrity by contributing towards its interests.
I want to pre-empty the wicked actions of greedy commuter omnibus operators that are in the habit of hiking fares during rush period to pause for a minute, and take a re-think of this critical national issue. Public transport sector is an indispensible component in national development as it moves labour force daily to and fro work. But they should be considerate never to rip-off passengers as they are equally important in propping-up that sector. The same message goes to manufacturers, service providers, wholesalers and retailers.
Let's work to rebuild Zimbabwe together!
The global reduction in fuel prices comes as a precious relief to Zimbabweans at a time when the country is grappling with incessant effort to resuscitate and turn-around the fortunes of the local the economy. The prices of petroleum fell from $120 to $50 per barrel on the global market. This inversely implies that prices of this essential commodity fell all over the world, except on the local market.
Fuel dealers chose to ignore this development selfishly as they wanted to continue ripping-off their clients despite this reduction. This is a clear-cut market force which should stir a downward slump of pump prices. In this vein, Government directive to slash fuel prices by Wednesday this week is a sober and welcome development which we should all applause.
The projected direct effect of this development is immediate reduction in the cost of public transport fares, transportation of goods and reduced production costs of goods and services. This would lead ultimately to reduction in prices for basic commodities, and increased buying power for the citizens. Therefore, if this is applied properly through good compliance by all stakeholders we are to record a classic improvement on the living standards for the general populace.
This is opportune time when we appeal to unscrupulous business persons to adopt functional business strategies that rescue the declining economy, bearing in mind that it is everyone's responsibility to defend national integrity by contributing towards its interests.
I want to pre-empty the wicked actions of greedy commuter omnibus operators that are in the habit of hiking fares during rush period to pause for a minute, and take a re-think of this critical national issue. Public transport sector is an indispensible component in national development as it moves labour force daily to and fro work. But they should be considerate never to rip-off passengers as they are equally important in propping-up that sector. The same message goes to manufacturers, service providers, wholesalers and retailers.
Let's work to rebuild Zimbabwe together!
Source - Suitable Kajau
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