Lower fuel prices cost Elddis Transport last year, with savings passed onto customers causing a drop in turnover. The County Durham operator recorded turnover of £25.6m for the year ended 31 December 2016; a 1.6% from 2015’s £26.1m. But MD Nigel Cook told MT the drop was entirely down to last year’s low fuel prices. He said: “We spent less money on fuel, and that was passed on to our customers which affected our turnover.“When you look at, it was […]
FairFuelUK (FFUK) has secured a meeting with chief secretary to the Treasury, Danny Alexander, on Monday (29 October) to discuss the 3ppl duty rise planned for January. The meeting will include senior Treasury officials and RHA chief executive Geoff Dunning, and will focus on the findings of economic research funded by the RHA on behalf of FFUK. “Carried out by the National Institute of Economic and Social Research, the modelling shows how fuel duty impacts on growth and employment in […]
The RHA and motorway service area (MSA) operator Moto have welcomed the prime minister’s plans to force service stations to display fuel prices on motorway signs, but the Petrol Retailers’ Association (PRA) believes it will push prices up.
The PetrolPromise website, which is pushing for cheaper wholesale fuel prices, has garnered 1,300 signatures of support since May. The campaign, which was founded by Robert Halfon MP and is being supported by the Daily Mail and the Sun newspapers, wants to see pressure put on oil companies to reduce the non-tax element of the price of fuel. It has also called for urgent action on petrol and diesel taxes to see how they can be reduced, stating on its […]