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anonymous

Citizens slam government for hiking petrol prices weekly - 0 views

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    Prices of petroleum products are rising which has led to an increase in the prices of daily-use items. Pakistan's citizens are demanding their government to review its pricing mechanism. Instead of having a weekly review, consumers want the government to switch back to the monthly price review. This article shows an imbalance in the price rationing of petroleum.
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    Not only does this article fit well with the topic of price mechanisms, but it also is a great example of the effects that products can have on an entire economy. Petroleum is not just used to fuel cars, it is used to manufacture all sorts of other products. That aside, every company, one way or another, is affected by the price of petroleum, and when the price goes up, the manufacturers and retailers pass the increase in transportation costs on to the consumer, who indirectly pays for the high price of petroleum.
Jacques DP

Fuel Scarcity in Lagos, Nigeria - 0 views

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    This article looks at two conflicting viewpoints on why there is a fuel scarcity. The Group General manager of the NNPC (a nigerian petroleum company) said that "We have sufficient products, but we are having distribution challenges in getting the product to other states and to the final destination of selling." Another company, NUPENG attributed the scarcity of fuel to the lack of resources. It has also been confirmed that Nigeria can't import fuel due to huge government debt.
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