Fuel prices on the rise…

We’re finding ourselves in the same old predicament that we were in through the summer – the fuel prices are back on the rise and as ever we are up in arms, calling out for the Government to do something about the situation.

The Forum of Private Businesses has called for the Government to freeze fuel duty to take some of the unneeded pressure off the small businesses already finding the times tough in the economic downturn.

The fuel prices have been slowly falling since the summer and more recently have been levelling out but the recent 2p increase seems to be forecasting further rises in fuel prices unless the Government steps in to save the day.

The Government needs to jump in…

According to the chief executive of the Forum of Private Businesses, Phil Orford, the rises in fuel prices are totally uncalled for and should be sorted out as soon as possible to aid small businesses.

“There is no justifiable reason to raise duty on fuel further. The government should freeze additional fuel duty increases in 2010 to help protect small businesses and jobs,” said Orford.

But in the meantime small businesses need to be in a position where they can know exactly how to cut down their fuel and energy costs – after all if the fuel prices carry on their uphill run don’t you want to be able to deal with it?

•    Estimated Bills – If you receive an estimated bill through the post it is a good idea to read the meter to make sure you are paying for exactly what you are using.

•    Terms and Conditions – Understand your contract and be aware of everything that is involved.  You should be aware of the conditions around the termination period and how much notice should be given when you decide to terminate the contract.

•    Competition – Don’t be worried about shopping around for a better price.  If another company knows that you are looking to switch from your current energy supplier to theirs then they’ll probably give you a pretty good deal – they want you, and you want to save money.

•    Be Realistic – You won’t always be in a position to be able to forecast what the energy prices will be for your businesses budget so make sure you plan for he worst possible scenario.

•    Visit An Expert – Scour the web for advice from experts on how you can manage your energy contracts and keep getting competitive deals.  Having the advice from an expert in your pocket you will find that you will be saving your business substantial amounts of money and time even though the prices of energy are on the rise.

What about you?

What are your feelings about the fuel rises?  Do you think they are going to hit the levels they were during the summer of 2008 or do you think the rises are a small hitch?  Leave a comment and let us know what you think…

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