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Diesel Price Reaches Record High in the UK

The rising fuel prices are a global issue, but for this piece of news we’ll travel to the UK to take a look at the British transport companies’s gas hard times at the gas stations. The Road Haulage Association’s (RHA) weekly fuel price survey indicates that the national average price paid by transport companies for bulk diesel deliveries this week has reached an all-time high.

The survey is widely used by RHA members to adjust their haulage rates. Some contracts even include an agreement that sees customers paying a surcharge that is automatically linked to the fluctuations in the diesel price.

This week’s price, which was published at lunchtime, hit a record high national average price of 109.48 pence a liter before VAT, a 0.62p increase compared to the previous week.

Diesel prices are driving up prices for everyone living in the UK and for every business. Against this background, it seems inconceivable that Chancellor George Osborne would go ahead with a duty increase in April that would not only be the eighth since November 2008 but would also be the highest single increase for more than a decade,” says RHA director of policy Jack Semple.

Soaring diesel prices are already hitting the cash flow of the road haulage industry and seriously affecting many of our customers. The last thing that the UK economy needs is for the Treasury to add to the pain with the planned duty rise of between 3 and 4p – a pump price rise of 4-to-5p, including VAT,” Semple added.

 
 
 
 
 

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