ANALYSIS ON THE IMPACT OF PETROLEUM PRICE AND TRANSPORTATION FARE ON THE PRICES OF GOODS AND SERVICES IN KADUNA

Abstract

In this study, the data on the prices of Premium Motor Spirit (PMS), transportation and some selected goods were analysed in order to understand how transportation fare and PMS price impacts the food industry. This can help to identify areas of improvement and optimization, leading to more efficient and sustainable practices. The data for this research was sourced from Kaduna State Bureau of stattistics. Three years (2020,2021 and 2022) prices of PMS, transportation and some selected commodities(rice, guinea corn and yam) were analysed using correlation and regression analysis to determine the linear dependency and linear correlations between the variables. It was observed that the prices of petroleum influences transportation cost and high transportation costs impact commodity prices. Hence recommended that the government should provide mass transit buses at subsidise costs, improve transportation infrastructures, establish farmers co -operatives among others, .