May 28, 2022

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HOW TO REDUCE TRANSPORTATION COST

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HOW TO REDUCE TRANSPORTATION COST



Last year in Nigeria the price of Premium Motor Spirit PMS popularly know as fuel in Nigeria used to power vehicles was N87 per litter. However, in the wake of 2016, the price of PMS increased and presently N145 per litter on average.

This has increase the cost of transportation. Worst yet, the economy is now in recession, with cut down in salaries and high cost of staple food items managing finances as become very difficult. Therefore, cutting down transportation cost will help meet other basic needs. You can reduce transportation expenses by applying either one or two of the following practical ways explained below:

PARTNER WITH OTHERS

If you have a car and your friends have cars also, you can partner with them to use you car and theirs on a different days. Assuming one of your friend have a car, that makes it two cars. Both of you can use a car maybe yours for this week and your friend’s car the following week. This means that you have save one week fuel expenses and in a month, you will be saving two weeks expenses.

USE YOUR CAR FOR TRANSPORT WHILE GOING TO WORK

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Another practical way you can reduce transport expenses using your private car to carry persons on the road while going to and fro from work for a fee. This will provide you with cash you can use to buy fuel or reduce the expenses you will made on PMS.

A problem with carrying people on the road is the risk that you may carry the wrong person.

USE PUBLIC TRANSPORT SYSTEM

You can use a public transport system. A public transport is less expensive than running your private car. In such case, you will reduce car maintenance cost in addition to car fuelling expenses.

However, you can still decide when to use your private car. Using a public transport is very stressful. I got headache any day I entered a public transport when I travel for a distance of more than an hour.

But if you are in Lagos and you stay in the route of Lagos state public transport bus, popularly known as BRT, it is preferable to use them. You will certainly get the comfort you deserve.

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DON’T DRIVE TOO FAST

When driving, avoid driving too fast. Over speeding reduces the little fuel you have in your car, and at the end you will need to buy more fuel.

Further Reading

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