Action to stop transport collapse
Diesel prices are up by 63% globally since January 2021 and fuel price rises have hit operator margins by 9% in two months, but their net profit margins are often little more than 3%. The International Road Transport Union (IRU) has now launched a 17-point emergency plan for governments to prevent further price hikes.
Among the measures, IRU is calling for an adjustment mechanism on fuel excise for commercial transport operators, to provide short-term certainty and avoid the partial collapse of road transport networks and inflation. In Germany this month for example, a temporary excise reduction of 87% would mean that an operator could break even instead of losing money, IRU said. (ben)