Petrol price drop provides reprieve for vehicle-based franchises
As the national papers report the biggest fall in petrol prices since 2008, franchise operations up and down the country can breathe a sigh of relief – at least for now.
Petrol prices have long been a topic of hot debate within the franchise industry as the vast majority of franchising companies rely daily on efficient transport and logistics. As petrol prices escalated earlier this year businesses were forced to pass on the extra cost on to consumers.
The Independent reported today that average prices at the pumps dropped 5.49p per litre in the month to mid-October to a 132.16p on average – the largest recording drop for five years.
Franchisees of vehicle-based franchises such as Chemex, ChipsAway and Mac Tools will undoubtedly greet this news with positivity – however the driver’s lobbying group were quick to point out that further price drops are unlikely.
Have your say on how fluctuating fuel costs affects your business at The Franchise Forum.