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Emergency Meeting on Fuel Crisis in Brussels: Addressing the Latest Price Increases

This urgent meeting in Brussels on 26 June 2008 focuses on the alarming fuel price surge and its impact on the global transportation industry. Discussions will revolve around strategies to mitigate these consequences and advocate for fair policies. Key topics include fuel cost calculations, profitability analysis, and recommendations for governments and transport operators. Join us to address the pressing challenges in the fuel sector.

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Emergency Meeting on Fuel Crisis in Brussels: Addressing the Latest Price Increases

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  1. Emergency Meeting on the Fuel Crisis Brussels, 26 June 2008

  2. Latest fuel price increase - a dramatic development Source: national associations, TCS

  3. Latest fuel price increase - a dramatic development Source: national associations, TCS

  4. 28% US$/litre 30% 38% 51% 49% 52% 56% Who gets what from one litre of diesel fuel in the G7 countries in 2008? Based on the UK fuel price at the pump, a barrel of oil would cost almost 400 $ Source: national Governments, OPEC 2008

  5. No level playing field! Airline fuel: No Tax! Maritime bunker fuel: No Tax! Railway energy: subsidised by the state Source: national associations, TCS

  6. Consumer prices of diesel fuel and heating oil per 1,000 litres in 2008 35% less 40% less 50% less GERMANY FRANCE UK Source: EU Oil bulletin 2008

  7. Impact of the fuel price increase on profitability of transport operators Simplified fuel cost calculation for a transport service in the UK Truck performance: 200,000 km/year Contract duration: 90 days Mileage per contract: ~ 48,000 km Fuel consumption: 36 litre / 100 km Fuel consumption per contract: 17280 l Fuel costs as per day of contract: 24883 € (38719 $) Real fuel costs: 27148 € (42243 $) Loss due to fuel price increase: 2265 € (3524 $) Source: national associations, TCS

  8. To mitigate consequences of the fuel price increase… Message from the Associations to the fleet operators …introduce fuel escalator clause or don’t transport ! Source: www.iru.org

  9. To mitigate consequences of the fuel price increase… • Message to Governments: • Dramatic fuel price increase is killing many transport companies. • Road transport is a vital production tool. Therefore, the overall fiscal and heavy tax burdens should be reduced and the provocative proposals on internalisation of external costs must be withdrawn. • Introduce a single professional fuel duty - significantly below the current minimum - applicable to all commercial transport industries (road, air, rail, maritime). • Implement these measures immediately and enter into a constructive dialogue.

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