Sunday, October 1, 2023

FVET calls for an increase in fuel subsidies to up to 20 cents per liter

The Valencian Federation of Transport and Logistics Operators (FVET) has requested that it be expanded and extended to the 20 cent fuel subsidy per liter due to the increased prices. This entity has specified in a statement that “the cents per liter bonus currently approved by the government is insufficient” compared to “the price increase seen again this summer for fuel”.

The FVET has indicated that the transport is currently not receiving a subsidy of 10 cents per liter and has stressed that “from October 1st to December 31st, the subsidy will decrease to 5 cents per liter.”

The association has ensured that “between July and August, The price of professional diesel has increased by 12 percent. According to the Ministry for Ecological Transition and the Demographic Challenge, it stood at 1.625 euros per liter on August 30, indicating that “the price is expected to increase further in the coming months”.

“We are experiencing a price increase again, with numbers similar to those at the outbreak of war in Ukraine. Companies fear working below their operating costs again. For this reason, until the situation stabilizes, we must prolong and intensify the aid until it reaches 20 cents per liter,” said FVET Secretary General Carlos Garca.

It was also announced that the company would be transferred this demand on the government, “A petition joined by other sectoral organizations, both at provincial and regional levels.”

The FVET has confirmed that fuel more than matters 30 percent of the direct costs of a transport company and has insisted that “if the surge continues, companies could be paralyzed as they are not profitable and could be seriously hurt, particularly those without sufficient financial strength.”

World Nation News Desk
World Nation News Desk
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news