Brussels, 9 March 2022 – IRU calls for urgent government action on rising commercial road transport fuel prices, including capping fuel prices and cutting fuel taxation, to avert a wider economic crisis.
Commercial goods and passenger transport operators in all regions report a bleak picture in terms of soaring fuel prices, as also outlined by IRU members meeting this week in Brussels.
IRU is calling for urgent action to cap fuel prices for commercial road transport and reduce or rebate taxes and excise on fuel for commercial operators.
Global oil prices, this week reaching their highest level since 2008, are set to climb higher amid continuing instability and sanctions related to the Ukraine crisis.
Average diesel prices, including taxes and excise, across the 51 countries in all regions that IRU tracks on a weekly basis, have risen by 33% over the past 12 months. With wafer-thin margins, operators must pass on cost increases to users or risk bankruptcy and further pressure on transport networks.