Latest News Editor's Choice


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.



Source - newsday
All articles and letters published on Bulawayo24 have been independently written by members of Bulawayo24's community. The views of users published on Bulawayo24 are therefore their own and do not necessarily represent the views of Bulawayo24. Bulawayo24 editors also reserve the right to edit or delete any and all comments received.