FUEL PRICE FLUCTUATION AND TRANSPORTATION SYSTEM IN RIVERS STATE (1981-2021)

Abstract

The study examined fuel price fluctuation and transportation system in Rivers State between 1981 and 2021. The objectives of the study were as follows: Provides the trend of fuel price fluctuation in Rivers State.; Examines the connection between fuel price fluctuation and transportation system in Rivers State; Evaluates the effect of fuel price fluctuation on transportation system in Rivers State; Examines government policies and petrol tax on fuel price fluctuation on transportation system in Rivers State. To achieve these above objectives, the research made use of the survey research design, with a sample size of 348 respondents. The data collected were presented in table using simple percentage and analyzed by the use of simple regression model. Based on the analysis, the study found out that there is no significant relationship between the margins of fuel price fluctuation on transportation system from 1981-2021 in Rivers State; that there is no significant effect of fuel price fluctuation and transportation system in Rivers State; that there is significant influence of government policies and tax on fuel price fluctuation and transportation system in Rivers State; Specifically, that there is significant relationship between the result of fuel price fluctuation and mode of transportation system in Rivers State. In the light of the above, the study recommended that government of Rivers State should put in place palliative on transportation to caution the effect of fuel price increase so as to boost the transportation sector.