Business cheer fuel price reduction

Consumers and the business sector say government’s directive to reduce the price of fuel will result in the reduction in prices of goods and services.

Government recently directed fuel players to reduce petrol and diesel retail prices by seven cents and five cents, respectively.

The directive also made applicable margins for wholesale and retail an absolute six cents per litre instead of the current provision of 7%, which varies margins unnecessarily for operators when external factors change.

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