Fleet News

Forecourt prices continue to rise

FUEL prices have increased by an average 1p a litre/4.54p a gallon in the past month, according to the latest PHH Vehicle Management monthly fuel price report. But as pump prices continue to rise as a result of the increases announced in the Budget, there continues to be political fall-out over the annual fuel duty escalator.

And with the Conservative Party continuing to press for an end to the escalator, there were claims this week that the price of a gallon could reach £7 by 2010 if it continued at present rates.

Paul Vanags, PHH Vehicle Management's business development manager for fuel, said: 'The latest increase is another blow to British companies that have to run vehicles as part of their business.'

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee