Rising fuel prices 'cost tow truck business £10k'
Summary
Rising fuel prices are causing costs to go up for businesses in Jersey, including a tow truck company that lost around £9,000 to £11,000 due to higher fuel bills. A government plan to reduce fuel tax was withdrawn, but officials say other targeted help may come in the upcoming budget.Key Facts
- Fuel prices have risen since the US war with Iran began in February.
- Tow truck trucks hold 80 to 120 litres of diesel and refill every two days, making fuel a big expense.
- Oliver du Feu, the breakdown service owner, says fuel tax would need to be cut by 30p to 50p per litre to ease costs.
- A proposed 10p per litre cut in fuel duty between October and December was withdrawn.
- Jersey’s Treasury Minister, Alan Maclean, called cutting fuel duty a "blunt tool" that mainly helps richer people.
- The Jersey Consumer Council says fuel prices affect almost everything because 97% of goods are imported using fuel.
- The number of people using the Consumer Council’s price comparison website has more than doubled in a year.
- Wholesale fuel prices in Jersey have reached the highest level in four months, impacted by the global market despite the island’s distance from conflict zones.
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