New research suggests that a significant amount of van drivers are having to turn down work due to rising fuel costs…
Van Drivers Forced To Turn Down Work
The rising cost of fuel in the UK is forcing van drivers to turn down work, new research has found. A survey has found that 24% of respondents report having to reject opportunities due to tighter margins. Indeed, data has shown that van drivers are now having to fork out an additional £2,427 in order to keep their vehicles moving.
MoneySupermarket, which conducted the research, has also discovered that 53% of businesses have had to raise their prices due to fuel costs. Some 14% of van drivers are now factoring in fuel costs when quoting prospective customers, too. Around 16% have decided to stop using their vans altogether, using family cars instead due to lower running costs.
Soaring Fuel Costs
Fuel prices are rising drastically, and consistently, in the UK. As a consequence, records after records are being broken. As it stands, prices are approaching £2 a litre and observers believe they’ll continue to rise further. This is placing an enormous amount of pressure on drivers, especially business drivers. Motoring organisations like the RAC are calling on the Government to introduce a VAT cut or a further cut to fuel duty.
The rising price of fuel is largely a product of Russia’s invasion of Ukraine. But demand is also rising in China, where Covid-related restrictions are being relaxed. Summer usually entails much more driving, too, which naturally increases demand for fuel further.
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