As the ordinary motorist at long last gets a little respite in the cost of fuel, drivers of vehicles typically covered by commercial vehicle insurance still have to fork out top prices.
Supermarkets cut price battle
The discrepancy in fuel prices has come about via the UK’s large network of supermarket fuel stations. Companies such as Tesco, Morrison’s, Asda and Sainsbury’s have recently got themselves in a petrol war and as a result prices have dropped by about 12p a litre. It is still outrageously high but significantly cheaper than the private filling stations that truckers have to use.
All would benefit from fuel price cut
The Road Haulage association (RHA) has appealed to other fuel providers to start cutting the price of fuel in the same way, saying that a similar reduction for trucks and large vans would see the drivers paying almost £50 less each time they filled up. The RHA say this would benefit everyone as the reduced costs would eventually filter through to consumers.
Motoring costs highest in Europe
There is no doubt that UK trucker’s get a raw deal compared to their European counterparts. A trucker in Luxembourg is currently paying about £1 a litre for his diesel and it is very difficult to find any country in Europe where professional drivers incur heavier motoring costs than in the UK. Even toll road charges in many European countries still don’t make motoring any more expensive than in the UK. Online van insurance can help commercial drivers in the UK bring their costs down but this is also available to drivers in Europe.
Future prospects are not bright
There seems little possibility of UK drivers experiencing any big reductions in the price of fuel in the coming years. Although the events in Libya have brought the price of a barrel of crude oil down significantly, it is the duty imposed by Governments that have the greatest affect on the price, and once again the UK government tops the list of all European countries for taxation on oil. Even worse, as things stand the Coalition government will be adding another 10% to the taxation of fuel next year. It intends to raise duty in January by over 3p per litre, and in August it will rise by the rate of the Retail Price Index (RPI) at the time of the March budget. At the moment RPI is racing ahead at around 5% that would mean at least another 3p per litre.
So although the commercial motoring industry hears talk of fuel stabilisers and fair deals for all, the truth is the chance of competing on a level playing field seems further away than ever.