Supermarkets cut diesel at the pumps to lowest price in 11 years
For freight operators fuel represents around a third of annual operating costs. FTA’s members have reported that the high price of fuel is their number one concern; being bad for businesses, hauliers and road users, and can have a devastating impact on their customers and ultimately everyone through the prices on the shelves.
Commenting on the new pricing, FTA deputy chief executive James Hookham, said: “We need to see the wider fuel market become more responsive to ever lower oil prices. Today’s announcement by leading supermarkets is good news for commercial vehicle operators.”
The FTA has long campaigned for a cut in fuel duty as a way help encourage growth in the economy, and backs the FairFuelUK campaign which has been spurred forward by the logistics industry, and since it was formed in 2011 has helped to secure a better deal for Britain’s hauliers and motorists.
Mr Hookham added: “Never forget that at £1 per litre – 60p is fuel duty and about 16p will be VAT, so the biggest winner is the Chancellor. We need to see the Government helping businesses at these uncertain times with a further reduction in fuel duty in the Budget this March."
Katie Beck
Katie joined Fleet World in 2012 as an editorial intern, following the completion of an English and American Literature BA from the University of East Anglia. She accepted a full-time position as an editorial assistant at the end of the internship period, and was promoted to the role of features editor in 2014. She works across the magazine and website portfolio, and administrates the social media channels.
