Spiralling cost

Spiralling cost

Today’s reduction in fuel prices spells a bit of relief for motorists, although gasoline only went down by six Netherlands Antillean guilders cents per litre. That in part has to with including NAf. 0.03 in “freight costs due to global developments.”
Such a request was said to be pending since 2021, resulting in “significant losses for the main wholesaler, which ultimately affected the consumer,” according to government. This statement raises the question how, because tariffs set at the pump and their build-up are supposedly common knowledge.
Diesel fuel dropping by 31 cents in many cases means substantially less expense for moving cargo and operating heavy equipment vehicles, a savings that should –hopefully – be reflected favourably in the cost of goods on store shelves. It’s also a blessing for most bus drivers, who recently called for an increase of their rates.
The latter had led to some grumblings among frequent users of public transport, who –let’s face it – are often not the wealthiest people in the world. However, they should keep in mind that since there is no import duty (formally known as excise tax) on diesel fuel, lowering the levy temporarily by 13.5 cents in June only affected gasoline.
Still, unless diesel fuel goes up strongly again soon, it might be prudent to hold off on the requested hike. After all, inflation is already raging and any decision that contributes more to rising prices will probably make things worse.
It’s important not to contribute to a spiralling cost-of-living and -doing-business.

The Daily Herald

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