Dear Editor,THE marginal increment poised on fuel or petroleum subsector will automatically result in the sharp changes, especially on the cost scales of production and on the delivery processes of goods, works and services.This will also suddenly trigger an upward adjustment measure across all meaningful economic activities.The sad reality is that principally during this season the production of both goods and services turn to slow down, coupled with expectations of the fourth wave of Covid-19.We are all aware by now that the Energy Regulation Board (ERB) has hiked the fuel pump prices on petrol from K17.62 to K21.60 and on the diesel from K15.29 to K20.15.This move may eventually generate low patterns of economic growth contrary to the current economic directions, especially given the fact that we will be running on an expansionary budget.The fiscal policyholders have given so much on the table in this week (December pronouncements which includes increased wage bill).Considering the shape […]
FUEL INCREMENT SHOULD HAVE TAKEN A GRADUAL PROCESS!
