Dery increases
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ALL MAJOR oil companies have increased the price of dery tc their wholesalers by betweer 4.55 and 5.50 pence per gallon Esso set the trend with a 4.55; increase which will result in z rise of between 5 to 6p at the pumps. Texaco's increase is the same, though the company say; that it is up to the retailer to de. cide how much extra he wil charge.
Mobil upped its price tc wholesalers by "approximately' 5p, Shell by 5.46p, and BP h 5.5p. Despite raising its pricel higher than any other company BP said that the cost could bE less to operators of large fleet: buying in bulk for storage.
By charging an extra 6p a gal. Ion when charged only 4.55p ID) an oil company, a retailer i; effectively increasing his proff margin — even after allowing fa VAT.
Using CM's Tables of Operat ing Costs as a guide, increase; for a vehicle returning 8mpg, fo example, will range from 0.57; per mile to 0.69p per mile. Thus a vehicle travelling only 1,00( miles per week will cost up tc £6.90 per week more to run.