THE Balearic Transport Federation (FBET) called on the Balearic government yesterday to intercede on its behalf in central government, arguing that following a fall in the price of oil, they were entitled to an adjustment in the cost of fuel.

The price of a barrel of crude Brent oil has fallen nearly 44 percent from its record high of 147.5 dollars in July, while the cost that drivers have to pay for petrol at the pumps has hardly come down at all - only 18 cents per litre, which works out at 13.64 percent. The Federation said that it is the responsibility of government to pass on the lower cost of a barrel of crude to consumers so that there is some relief to companies and individuals confronting the current economic crisis. Land based transport groups have overheads of between 20 and 30 percent directly related to fuel.


To be able to write a comment, you have to be registered and be logged in.

* Mandatory fields

Currently there are no comments.