tag:blogger.com,1999:blog-28244882.post2027017043955158605..comments2024-03-05T17:54:53.307+10:00Comments on Malum Nalu: Fuel prices drop for sixth successive monthMalum Naluhttp://www.blogger.com/profile/17513608976714683688noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-28244882.post-31537305201491689952009-01-08T20:45:00.000+10:002009-01-08T20:45:00.000+10:00Malum.In economic terms, one should not expect the...Malum.<BR/><BR/>In economic terms, one should not expect the fuel price to decrease to a lower level given the fact that we have the world financial crises now. This is against the standard of economic equations.<BR/><BR/>Fuel production involves huge costs, and when demand is high, the price also increases.<BR/><BR/>Besides, the fall of fuel price should not be expected to go to negative costs, which means the fuel prices in all pumps are free. Anybody can drive to the nearest fuel pump station and replinish his fuel tank. This is pracically impossible. Now, who is paying for this?<BR/><BR/>Ths production of fuel is very expensive these days and the public should be reliably informed as to who is paying for the rest of the costs.<BR/><BR/>The fuel price set by mechanisms in PNG should undertstand this because tomorrow all motorists might wake up and see that the fuel price is at the highest price.<BR/><BR/>Mathew Yakai<BR/>ChinaAnonymousnoreply@blogger.com