Tunbridge Wells, UK: Logistics UK is calling for a cut in diesel duty to help the economy.
“The government must introduce a temporary reduction in diesel fuel duty to protect the economy,” says Logistics UK in a letter to the chancellor Rishi Sunak, ahead of the budget.
Elizabeth de Jong, director of policy, Logistics UK said: “Logistics businesses, which operate on very narrow margins of around 1%, are currently facing significant increases in the price of fuel.
“These additional costs cannot be absorbed by logistics operators and it is unavoidable that much of these cost rises will need to be passed on to end customers as a result. Fuel is the single biggest expense incurred by logistics operators – it accounts for a third of the annual operating cost of an HGV and without it, goods cannot be delivered to their destinations.
“Logistics UK is urging Rishi Sunak MP to cut diesel fuel duty in the next budget. This reduction could be temporary and reviewed in the Autumn Statement, should fuel prices have fallen.”
