Wed, 14 Feb 2018 10:52:26 +0000 By PHILIP CHULU IT is not a hidden fact that the volatility in fuel prices has adversely affected the cost of living in Zambia. The rate a which the pump price of fuel is going up in the country is indeed a matter of concern. The rise in fuel prices has affected the cost of doing business, and significantly reduced the amount of disposable income in the hands of Zambians. In this article, I seek to explore possible solutions to this major issue affecting the lives of Zambians across all walks of life. For us to come up with a solution, we must first identify the source of the problem we seek to address. PRICE VOLATILITY The term “price volatility” is used to describe price fluctuations of a commodity. Volatility is measured by the day-to-day percentage difference in the price of the commodity. The degree of variation, not the […]
