WhatsApp or SMS: 07087083227
Click here to Get The Complete Research Project Chapter 1-5

Evaluation of how the Price of Premium Motor Spirit (PMS) is affecting the Cost of Schooling

Premium Motor Spirit (PMS), generally known as petrol or petrol, has a major impact on many aspects of any country’s economy, including the expense of higher education. The first thing to think about is how this would affect transportation specifically.

The majority of children are driven to and from school either by school buses or private automobiles in various parts of the world. When PMS prices go up, so do the costs associated with maintaining and operating these cars. Parents sometimes bear the brunt of this increase in tuition and transport costs.

Second, PMS costs have an indirect effect on tuition through its influence on general inflation. Stationery, textbooks, and maintenance services are just a few examples of the many things that schools need to run properly. When the price of PMS increases, the cost of transporting products and services also rises, thus many suppliers pass this expense on to customers in the form of higher pricing. As a result, schools face a rise in operational costs, which is often passed on to the students.

The rising expense of PMS has the potential to increase the overall cost of higher education. Rising prices might force some families to cut back on their children’s education, resulting in lower enrolment or even dropout rates. This might lead schools to raise tuition to cover their costs, which would just make the situation worse.

The price of PMS has an effect on the cost of education, although this effect can be reduced. Parents and kids can have less stress if the government subsidises PMS, improves transit, and streamlines school administration. For instance, in order to save operating expenses, schools might use cost-saving initiatives such as bulk purchase of supplies or energy-efficient practises.

There is a direct and indirect relationship between the price of Premium Motor Spirit and the expense of a college education. Although there is no simple answer to this problem, it may be mitigated by a combination of government action, efficient transportation, and good school administration.

You can also check other Research here: