Fuel costs squeezing margins for some businesses
Summary
Some businesses in Jersey are worried about the effect of rising global fuel prices on their costs. The Government of Jersey plans to freeze fuel duty in 2027 to help ease the pressure on households and businesses, but some companies say this may not be enough if fuel prices keep increasing.Key Facts
- Diesel prices in Jersey and the UK recently went above £2 per litre.
- Jersey froze fuel duty from 2023 to 2025 and increased it only with inflation in 2026.
- The government proposes freezing fuel duty again in 2027 to avoid extra costs for transport users.
- Some companies, like A&A Scaffolding Solutions, say rising diesel prices raise their costs and shrink their profit margins.
- Tree surgery businesses also face higher fuel costs affecting their equipment operation and job profitability.
- Some firms are adding fuel surcharges to their prices to manage costs.
- The government prefers targeted financial help for families over cutting fuel duty to support the economy.
- Fuel prices are mainly influenced by global markets and political events beyond local control.
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