Business
Fuel Scarcity: Consumers Foresee Increase In Food Prices
Business operators in Port
Harcourt have appealed to the Federal Government to take steps towards ensuring that long queues do not return to the nation’s filling stations.
A trader, Chief Mike Chikaodi, said “If there is anything that pushes the prices of goods and services, it is the cost of transportation.”
Chikaodi who deals on building materials in Mile III Market said he spent over three hours looking for where to buy fuel but still could not get.
According to him, to enable him transport his materials from point of purchase to his shed he had to paid double what he usually pays in a chattered vehicle.
“This sort of thing is the reason why you hear that sellers have increased prices of their goods,” he remarked.
But to Mrs Clarice Monday, a hotelier, the scarcity has caused the price of the product to go high at black market. “For me to operate my hotel business, I spend more money and when this happens what do you expect?” She queried and appealed to the Rivers State Government and the Federal Government to do something urgent to save the situation.
The chairman of National Union of Road Transport Workers, Abali Park Branch, Chief Bethel Dappa, also told The Tide yesterday in his office that if the situation persists, his members would be forced to increase transport fares.
“Commercial drivers pay N120.00 to buy a litre of petrol and some times more, and before they would buy, it is a big problem, he complained, and disclosed that for them to remain in business and make profit, the law of economics demands that they increase transport fares.
Chris Oluoh