{"id":51930,"date":"2023-11-16T18:43:12","date_gmt":"2023-11-16T18:43:12","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/?p=51930"},"modified":"2023-11-16T05:34:49","modified_gmt":"2023-11-16T05:34:49","slug":"downside-of-monthly-fuel-reviews-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/downside-of-monthly-fuel-reviews-2","title":{"rendered":"Downside of Monthly Fuel Reviews"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>The monthly fuel price reviews may be fine in principle and academic theory, but they assume a rational response from all stakeholders. They assume that pump prices will be increased proportionally when supply prices are increased and vice versa.<\/p>\n

The downside however, is that pump prices are proportionally increased when a supply hike happens but the reverse does not follow. When supply prices are reduced, most businesses retain the revised hiked pump prices when the increase occurred.<\/p>\n

So the assumption of a rational response does not hold. At the end of the day the consumer is continuously bearing the brunt of continuous price hikes. It makes planning for businesses very cumbersome as they have to adjust prices every month. Please abandon the monthly price reviews and revert to the old system. It\u2019s too complex for a country like Zambia.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. The monthly fuel price reviews may be fine in principle and academic theory, but they assume a rational response from all stakeholders. They assume that pump prices will be increased proportionally when supply prices are increased and vice versa. The downside however, is that pump prices are proportionally increased when a supply […]<\/p>\n","protected":false},"author":84,"featured_media":51929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,248],"tags":[234,235,233],"class_list":["post-51930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nDownside of Monthly Fuel Reviews - Zambia<\/title>\n<meta name=\"description\" content=\"The monthly fuel price reviews may be fine in principle and academic theory, but they assume a rational response from al ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/downside-of-monthly-fuel-reviews-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Downside of Monthly Fuel Reviews\" \/>\n<meta property=\"og:description\" content=\"The monthly fuel price reviews may be fine in principle and academic theory, but they assume a rational response from al ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/downside-of-monthly-fuel-reviews-2\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-16T18:43:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/11\/sm_1700100159.629587.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"519\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/downside-of-monthly-fuel-reviews-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/downside-of-monthly-fuel-reviews-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Downside of Monthly Fuel Reviews\",\"datePublished\":\"2023-11-16T18:43:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/downside-of-monthly-fuel-reviews-2\"},\"wordCount\":157,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/downside-of-monthly-fuel-reviews-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2023\/11\/sm_1700100159.629587.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/downside-of-monthly-fuel-reviews-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/downside-of-monthly-fuel-reviews-2\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/downside-of-monthly-fuel-reviews-2\",\"name\":\"Downside of Monthly Fuel Reviews - 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