date:Nov 12, 2018
increase
As the oil price increases, so does the cost price of transport. This year the oil price increased by as much as 35%, which means that transport became more expensive, and thus the price of import products like bananas also increased.
The increased oil price increased the cost price in transport for international shipping companies and domestic flights alike, and companies are pressured to shift that cost to maintain their profit margin. A representative of Maersk stated that a new oil