Abdulkadir Özkan: "Fuel prices and economic crisis"

Abdulkadir Özkan: "Fuel prices and economic crisis"
Date: 13.6.2022 13:00

Milli Gazete columnist Abdulkadir Özkan writes on economic crisis. Here is the full article.

email Print zoom+ zoom-
I did not write the book on economics, but during my higher education I took lessons from the teachers who wrote the book on economics. In short, I know a little, though not as much as those who manage the country's economy. Because in most of the universities, economics course is taught, although not in depth. This is also quite normal. An ordinary person needs to understand the economy today, and to foresee that when inflation is mentioned, the end of the business will also touch him. On top of that, life in the world we live in teaches people some economic rules. For example, when I want to evaluate the last economic crisis, the most important problem is price increases, especially the increase in fuel prices almost every day. Because fuel hikes concern not only those with private cars, but also all segments of society.
 
The increase in fuel prices affects workers, civil servants, farmers and industrialists. For example, urban public transportation fees have increased one hundred percent compared to the previous 8 months. The public transportation fee of a minimum wage earner has increased by one hundred percent on a monthly basis, and it reaches 500 liras per month for a student to go to school, whether by subway, bus or minibus. Needless to say, the burden of a minimum-wage father to allocate 500 liras for his child only to travel to and from school. School bus fees are no less than that. In short, a father routinely has to allocate a thousand lira per month for his child who attends public school.
 
Of course, the reflection of fuel price hikes on life is not limited to public transportation vehicles. Whether in the field of agriculture or industry, the increase in transportation in production goods is more effective and increases the cost of production. This is reflected in the citizens. We have come to such a point that although there are products such as vegetables and fruits in the nearby districts of Ankara, tomatoes in the market where I live did not go below 15 liras. The supporters of the government can bring a defense that it was 20 liras until yesterday, it has become cheaper. When it comes to the arrival of these products from distant places, the transportation cost comes into play as well as the production cost.
 
In intercity transportation, the situation is increasingly challenging for people. As the bus prices have increased, those who have a car do not have the opportunity to jump in their cars and go to the seaside for two days if they do not have a serious monthly income. Long story short; The increase in fuel prices has imprisoned people in their homes, as in the epidemic period of the pandemic.
 
Because the tank of a car, which was filled to 200 liras recently, is now at least 750 to a thousand liras. This means that he needs to allocate 1,500 liras for fuel only to go to and from a seaside. This is as LPG. When you think of it as gasoline, you have to at least double it. Of course, you will not only need fuel for the places you will go to. If you stay in two places, a glass of tea you drink will cost at least 5 liras, and you have to sacrifice 150-200 liras for two people for the food you will eat.
 
In short, it does not seem possible to stop inflation without stopping the increase in fuel prices and withdrawing. It should not be forgotten that fuel prices are decisive in every aspect of life. In short, fuel prices are seen as the most important trigger of the economic crisis. As such, it is necessary to stop the increase in fuel prices, and this is not enough, it should be withdrawn. Unless this is done, the rich will get richer as all the models that are being tried to be implemented continue to rob the low-income and fixed-income people, and beyond that, to lock them all at home. Because all the applications offered as a cure-all take from the poor and transfer them to the rich.

YEREL HABERLER

Milli Gazete Puplication Group All Rights Reserved © 2000-2016 - Can not be published without permission ! Tel : +90 212 697 1000  /  Fax : +90 212 697 1000 Software Development and System Support: Milli Gazete