Allen Lockington is a self-employed customs agent and business consultant who has regular articles published in www.connectme.com.fj/news/opinion. I thank Allen and Connect for permission to reprint some of them in this political blog. They remind us that life goes on, whatever the political situation. And it's good to know that.
Fuel Price Yoyo
Fuel prices are going down again, hooray. However, sometimes I wonder if those who control world fuel prices are making a fool of us. Not long after it goes up someone decides to lower it again. Not long after that it goes up again. Don’t you feel like a yoyo rushing to the petrol station to fill up when you hear that it is gonna go up?
What is the world coming to. Can't people who control these things put a stabiliser on prices. As a matter of fact, when fuel prices go up traders usually raise the price of certain goods to offset the fuel cost and pass it on to consumers via the cost of goods. However, these prices never come down again because no one ever checks. A rise of 5 or 10 cents on an article doesn’t seem much but five thousand people multiplied by 10 cents is quite a sum. If a trader raises the cost of 10 items by 5 cents it is not noticeable. Unassuming consumers just go on buying oblivious to the fact the cost of that item had gone up by an insignificant 5 or 10 cent. But when fuel prices go down the prices remain the same.
Oh, I am aware of these little things because my dollar no longer stretches like it used to before and I notice if the price of an item that I buy every week has gone up.
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