FUEL PRICE HIKE
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A month ago the price of fuel rapidly goes down, estimating 9php-10php roll back but after how many weeks of roll backs the price of fuel rapidly goes up. This will suffer each individual in a society and organization. In society, the fuel price hike will suffer an individual who uses automobiles for their daily income, like jeepneys, taxicab and the so called “tricycle”. In an organization, the fuel price hike will suffer an individual when the cost of goods will increase.
I know its hard to cope up with this fuel price hike but I'am a consumer and I have no right to stop the fuel price hike. For those who have cars they are obliged to buy fuel because its a complementary good. In this situation, when the fuel price hike increases other goods also increases which will affect the daily doing of each individual in our society and organization.
