Dear Editor,The new dawn administration is contemplating to increase the price of fuel and electricity. The increased price of fuel and electricity will arise from removing subsidies on fuel and increasing the electricity tariff.The above measures look good on paper but, they are not the best in that they are not the best in that they will create hardships to both the consumers and the entrepreneurs.In a nutshell, the consumers should brace themselves for the high cost of living in that the price of goods and services will be too high to afford. On the other hand, the entrepreneurs will also feel the impact of the increased price of fuel and the upward adjustment of electricity. This is because the cost of doing business will be unbearably high.The small and medium enterprises (SMEs) have been adversely affected by the effects of the coronavirus. The entrepreneurs who deal in welding, salon and barbershop business will be […]
Looming price increase of fuel and electricity to trigger high cost of living
