Fuel Prices having Negative Impact on Businesses

The video discusses the impact of high fuel prices on various sectors, including hauliers, leather wholesalers, and petrol stations. Hauliers face increased costs, threatening their survival, while leather wholesalers struggle with managing fuel surcharges. Petrol stations have low profit margins despite high prices. The uncertainty in the Middle East keeps oil prices high, adding political significance to fuel duty decisions.

What is the main concern of the haulage industry regarding fuel prices?

• Lack of drivers

• Environmental regulations

• Rising fuel costs

• Increased competition

How are leather wholesalers managing the impact of fuel surcharges?

• Switching to electric vehicles

• Buying in larger volumes

• Increasing product prices

• Reducing staff

What is a significant challenge for petrol stations despite high fuel prices?

• Increased competition

• High maintenance costs

• Decreasing customer visits

• Low profit margins

What is the expected impact of the Middle East situation on oil prices?

• Prices will decrease

• Prices will fluctuate wildly

• Prices will stabilize

• Prices will remain high

What political significance does the chancellor's decision on fuel duty hold?

• It affects international relations

• It impacts local employment

• It influences economic stability

• It has added political significance