A recent ExxonMobil survey of European fleet managers found 40% of those polled cited continued challenging economic conditions and volatile markets as their biggest business challenges. This makes understanding and minimising the total cost of ownership (TCO) of a truck fleet even more important as competition for available business are likely to keep rates low in the current climate. However, calculating the true TCO of different vehicles can be a complicated task. So ExxonMobil has produced the definitive guide to […]
ARR Craib said that its customer retention has been excellent, despite the fall in the price of oil that led to a significant downturn among its core oil and gas customers resulting in a 9% fall in turnover in its most recent financial year.
A windfall tax should be applied to the UK oil sector with the resulting revenues used to cut fuel duty, if the EC’s investigation into alleged price-fixing confirms widespread malpractice, it has been suggested.
The founder of campaign group PetrolPromise has expressed his disappointment after the Office of Fair Trading (OFT) decided against launching an investigation into the UK petrol and diesel market. Campaign founder Robert Halfon, MP for Harlow, said: “I am grateful to the OFT for their work. But it is disappointing that they will not hold a full inquiry. For example, they admit that there is a problem with poor competition in many towns but they are not taking action.” “Government […]