West Wales views on fuel price drop
The price of petrol will be dropping to just 105.7p per litre tomorrow, as supermarket chain Asda cuts fuel costs across the country.
Asda's decision to introduce a national price cap at the pumps means that 105.7ppl is the highest any of its 245 filling stations will charge for unleaded petrol, while diesel will be capped at 112.7ppl.
Fuel prices have been cut by 19ppl for unleaded petrol and 15ppl for diesel at Asda fuelling stations since the end of September.
The prices to be introduced tomorrow will be the lowest seen in five years.
Asda's decision to introduce a national price cap at the pumps means that 105.7ppl is the highest any of its 245 filling stations will charge for unleaded petrol, while diesel will be capped at 112.7ppl.
Fuel prices have been cut by 19ppl for unleaded petrol and 15ppl for diesel at Asda fuelling stations since the end of September.
The prices to be introduced tomorrow will be the lowest seen in five years.
West Wales business have reacted as follows -
Simon Buckley, chief executive of the award-winning Llandeilo-based Evan Evans brewery said –
"The brewing industry is always affected by the feel good factor, whether it's people going to the pub, or simply buying beer for consumption at home. Fuel prices are always a drain on consumer spending, so my view is every little helps, now all we need to go with this is dry late winter weather and 2015 could be set for another record year."
Simon Buckley, chief executive of the award-winning Llandeilo-based Evan Evans brewery said –
"The brewing industry is always affected by the feel good factor, whether it's people going to the pub, or simply buying beer for consumption at home. Fuel prices are always a drain on consumer spending, so my view is every little helps, now all we need to go with this is dry late winter weather and 2015 could be set for another record year."
David Butler, director at Clay Shaw Butler chartered accountants and business consultants in Carmarthen, said -
"At last some good news for our clients particularly the haulage and bus and coach companies who have been hit by such gruelling fuel increases in recent times. However, the strength of the pound to dollar, oil supply or hike in interest rates though could again curtail this pleasing downward trend."
Owain Davies, managing director of Burry Port based tailored sheet metal engineering firm, said -
"We are delighted to see the cost of fuel declining in line with crude oil prices. It’s refreshing to see the oil refining companies passing the savings on to businesses and consumers.
"There are many cost pressures on businesses and these reductions are very welcome and allow us to maintain a competitive edge and deliver product around the world with a little more opportunities to develop and grow."
Mark Jones, director Clay Shaw Butler Chartered Accountants, Carmarthen, said –
"While many people will currently be enjoying the freedom of having more buying power due to the fall in fuel prices, there is a danger that a sudden increase in fuel prices will drive inflation up, forcing the Bank of England to trigger an increase in interest rates."
Owain Davies, managing director of Burry Port based tailored sheet metal engineering firm, said -
"We are delighted to see the cost of fuel declining in line with crude oil prices. It’s refreshing to see the oil refining companies passing the savings on to businesses and consumers.
"There are many cost pressures on businesses and these reductions are very welcome and allow us to maintain a competitive edge and deliver product around the world with a little more opportunities to develop and grow."
Mark Jones, director Clay Shaw Butler Chartered Accountants, Carmarthen, said –
"While many people will currently be enjoying the freedom of having more buying power due to the fall in fuel prices, there is a danger that a sudden increase in fuel prices will drive inflation up, forcing the Bank of England to trigger an increase in interest rates."
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