How fuel price hike is affecting couriers in the UK

Recently we learned that in some parts of the UK the price of fuel has risen by more than 5% per litre in the last month alone. Bearing in mind the increase in VAT from 15% to 17.5% on the 1st of January 2010, this might lead to a considerable increase in fuel costs for haulage companies.

Fuel is amongst the main costs of haulage companies

The Road Haulage Association commented on the fuel price increase: “This seems to be an absolutely ridiculous situation, bearing in mind the last time the price of diesel was this high, the price of a barrel stood $20 dollars higher than it is today.”

Mulgrew Haulage, a haulier based in Dromore, announced a 14% rise in fuel costs since 2008 and said haulage companies may soon be forced to increase their prices for customers in order to stay in business.

Since fuel is one of the main expenditures for couriers, we believe the fuel price increase does have considerable impacts on your business.

So what is your opinion about this? We’re sure everyone is interested to know.