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Assessing The Impact of Monthly Fuel Price Review/Adjustment on Transporters As (Human Resource). A Case of Ndola Transporters

Author

Listed:
  • Quintino Chembo

    (PhD student – CHAU)

  • Dr. Saili Mathew

    (UNZA)

  • Dr. Sikalumbi Dewin

    (CHAU)

Abstract

Assessing the impact of monthly fuel price review/adjustment on transporters (Human Resource). Since the removal of subsidies from fuel, it has been increased 45 time and reduced only 3 times from 2022 to 2025. Transport system is the corner stone of every nation, the main modes of transport in Zambia are road, rail, air, and inland waterways. The machines which drive this system need fuel which is reviewed every month in terms of price. In the past, about 60% of petroleum products used in Zambia were produced by INDENI while 40% imported by road. Recently the company is not working and petroleum procured are now brought in by road which is the most expensive undertaking and also significantly reduces the lifespan of our roads. Economic theory is used here, which states that the price for a specific good or service is determined by the relationship between its supply and demand at any given point (Adam Hayes 2024). From this theory that the hypothesis was developed as “Monthly fuel price adjustment does not cause increase in price of goods and does not impact on transporters (human resource) negatively.†It was discovered that it was a two-way thing that is, it can increase or reduce the financial capacity of the transporter depending on the situation. Figure B has shown that monthly fuel adjustment has an impact on transporters and the economy as a whole and chai square has rejected the null hypothesis. It is recommended that players must be given room for long term financial planning and that cheap source of fuel must be considered as they look at the pride of the tanker drivers in terms of allowances. Finally, but not the least the second refinery company must be constructed to reduce on the expenses incurred and improve the performance of the economy.

Suggested Citation

  • Quintino Chembo & Dr. Saili Mathew & Dr. Sikalumbi Dewin, 2025. "Assessing The Impact of Monthly Fuel Price Review/Adjustment on Transporters As (Human Resource). A Case of Ndola Transporters," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 12(4), pages 303-319, April.
    • Handle: RePEc:bjc:journl:v:12:y:2025:i:4:p:303-319
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    References listed on IDEAS

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