Another option for the government could be to negotiate lower prices with suppliers, either by securing a better deal through negotiations or by finding alternative suppliers. The government could also consider increasing efficiency and reducing costs in its own operations, such as by streamlining processes or adopting more cost-effective technologies.
It’s worth noting that reducing the price of petroleum products can have both positive and negative effects on the economy. On the one hand, lower prices can provide relief to consumers and businesses, which can stimulate economic activity. On the other hand, if the government is subsidizing the cost of these products, it could put a strain on the government’s budget and potentially lead to other financial problems.
