The Road Haulage Association has reacted with guarded optimism to hints of fuel duty cuts from the Chancellor of the Exchequer at the Conservative spring conference.
The RHA’s Kate Gibbs said: “Today’s average pump price for diesel stands at £1.36. Every one penny increase adds £424 a year to the cost of running an HGV. Since October 2010 that has meant an increase of £6,055 per truck per year as a direct result of rises in the price of fuel.
“These additional rises are putting a tremendous extra financial burden on the haulier AND on the country’s economic recovery – each is vitally dependent on the other for survival.”