Hi Folks,
My local petrol station owner has been told by his supplier to budget his inventory cost to be at £1.50/litre for Diesel by Xmas, £1.35 for unleaded. He's not exactly happy, his margin stays the same but the interest cost on his loan for holding the fuel goes up.
Ouch for us, but he's worried about still having a business by Xmas.
I'll start saving for my own petrol station. There may be some going cheap soon.
John
My local petrol station owner has been told by his supplier to budget his inventory cost to be at £1.50/litre for Diesel by Xmas, £1.35 for unleaded. He's not exactly happy, his margin stays the same but the interest cost on his loan for holding the fuel goes up.
Ouch for us, but he's worried about still having a business by Xmas.
I'll start saving for my own petrol station. There may be some going cheap soon.
John