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Page 47
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THE CM Tables of Operating Costs, published this week, show increases in total operating costs of between 15 and 20 per cent according to the type of vehicle and its annual mileage.
Until April, however, cost increases had been largely contained because of the stability in the price of fuel which had been apparent despite price increases announced by OPEC and the oil companies on more than one occasion during the past 12 months.
Operators taking delivery of fuel in bulk had enjoyed a remarkable steadiness in the price of fuel until the Chancellor of the Exchequer imposed increases in Excise duty in his Budget speech in April. Because of the nature of the increase, the oil companies had no option but to pass these increases to the operator in their entirety.
The vehicles covered in the Tables range from small vans up to maximum permitted gross weight unit and buses and coaches. The figures have been compiled with the co-operation of road freight and passenger operators and include price increases communicated to CM by vehicle and component manufacturers.