Haulage firms have welcomed plummeting diesel prices in the wake of the Covid-19 pandemic but said the cost saving is nowhere near enough to underpin their struggling businesses. A stand-off between Russia and OPEC, combined with a global oil surplus as lockdowns drastically cut fuel demand has meant prices are lower than they have been for years. Last month West Texas Intermediate (WTI) crude oil closed trading at a price of $US-37.63 having recovered from a record low of $US-40.32. […]
Pallet networks are demanding that the government pause VAT on diesel for hauliers in light of soaring prices and the knock-on effect on the cost of goods.
Scania has launched a fuel card based on cooperative principles, allowing operators to benefit from the bulk purchasing discounts usually reserved for the largest players in the sector. The Scania Fuel Card is administered by The Fuelcard People, with Scania buying fuel direct on members’ behalf to enhance the purchasing power of the collective. Scania’s scheme is free to join, offers a choice of fuel networks, features no minimum spend requirement and is charge-free for the first 12 months. David […]
Higher prices for goods and services resulting from the effects of rush-hour congestion on business are costing every UK household around £100 a year, a new report from the Centre for Economics and Business Research (CEBR) has suggested. The report found sitting in congestion was costing the UK’s commuting households around £456 apiece or a combined total of £3.9bn a year, taking both direct and indirect costs into account. The direct costs – essentially additional fuel and lost time – […]