Are you experiencing the impact of falling oil prices on the world market?
BACKGROUND
The world is
experiencing a fall in the prices of oil prices for many reasons-reduced
economic activity due to warfare, the adoption of new advanced
technologies that do not need oil, and some countries like America
importing less oil because they have now discovered oil in their own
region. All this has been made worse by oil producing countries like
Saudi Arabia refusing to reduce production, leading to excess supply.
Falling
oil prices are good and bad for the world economy and mostly affect
countries which depend on oil revenues to run their economies like
Nigeria, Saudi Arabia and Angola. For the non oil-producing countries
like DR Congo, Rwanda, etc, the fall in oil prices is good because it
reduces the costs of petroleum.
Oil affects every day of our
lives because we use its products for lighting, power generation,
transportation, powering machines and others. Kerosene used for lighting
in most rural areas of Uganda is a product of oil. Diesel and petrol
used in powering vehicles is a product of oil.
Therefore, the
fall in global oil prices is expected to reduce on reduce on fuel prices
and transport costs, hence reducing on the costs of doing business
Question
Are you experiencing the impact of falling oil prices on the world market?
A. No, because the price of transport is still the same
B. Yes, because the price of transport is reducing
INSTRUCTIONS
Go
to Messages on your mobile phone. Type HITS followed by your district,
then your answer. Feel free to leave a short comment. Send this to 8585.
This SMS is TOTALLY FREE OF CHARGE.
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