Death Threat To Courier Companys

Fuel Prices are set to peak around 120p per litre by the end of this year, this will spell death to a lot of small independent courier companies.  At the  price of  103.6p per litre now its hard enough to make a living, but if fuel rises to 120p per litre it will just kill off lots of courier’s businesses.

The latest increases in fuel have come from the escalating cost of crude oil.  Its expected that the cost of a barrel of oil will more than double to around $145 – $147 by the end of the year.  And with the 2p per litre increase in fuel tax in September and the vat returning to 17.5% by the end of the year, its not good news.

I think its time that the transport industry to get together and put pressure on the government to subsidize the fuel the same way that they do for farmers who use red diesel.  Why not let the transport companies use red diesel at a reduced cost in commercial vehicles only.  This would keep them in business and help lift the UK economy out of recession.