Sharp Price Increases Could Happen Warn Supplier Total

Sharp Price Increases Could Happen Warn Supplier Total

Petrol and Diesel suppliers Total have warned it’s getting tougher to insulate the Island from a sharp increase in prices. 

Total head office on the Island have stressed that due to factors out of their control they’re seeing a steady increase in the price they’re paying to bring in the fuel.

From February to March Total saw a buying in increase of nearly 5 pence per litre, this has translated to a one and a half pence increase at the Petrol Stations.

Many factors are to blame for the increase, primarily it’s the economic climate and the weak pound, the VAT increase has also had an impact.

The overriding message from Total is that it’s highly uncertain when things will return to normality and the Isle of Man is by no means immune to the negative price changes.