Archive for the ‘price’ Category

Dearest diesel in UK – and trains going up

Wednesday, May 21st, 2008

The cost of travelling is set to rise again as passengers face record prices at the pumps and changes at the ticket office.

Wales now has the highest diesel prices with a litre costing 124.17p.

A bid to make train fares less complicated will see some tickets for cross country journeys from Wales rising by a third.
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Fuel cost concerns on EU agenda

Monday, May 19th, 2008

Holyrood Environment Secretary Richard Lochhead said the fleet was facing having to fork out tens of millions of pounds extra because of the issue.

He will use a meeting of the Agriculture and Fisheries Council in Brussels to press the need for more assistance for the industry.

The meeting will also be attended by UK Environment Secretary Hilary Benn.

Mr Lochhead said ministers had to ensure the “renewed confidence” in the industry, which followed a period of quota cuts and the scrapping of fishing boats to cut back the fleet, was not undermined.
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Porter and WestJet add surcharge

Wednesday, May 14th, 2008

A fuel surcharge by airlines on North American flights may rile customers, but observers say it was inevitable and may even help carrier earnings in the short run.

WestJet Airlines Ltd. and Porter Airlines slapped a fuel surcharge on all their flights yesterday as the price of oil continues near all-time highs. The move follows a similar levy by Air Canada last week. WestJet customers will now have to pay an additional $20 on short-haul flights, $30 for medium-haul and $45 for long-haul flights. Porter Airlines pegged its increase at $20 one way for the Ottawa-Toronto route, and $40 one way on all other routes.

“We’ve hung on as long as we could, as long as our low-cost structure allowed us, but we’ve now reached that point where we introduced that surcharge, at a level that we think is good for us,” WestJet spokesman Richard Bartram said yesterday.
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Chrysler offers $2.99 fuel-price guarantee

Tuesday, May 6th, 2008

Chrysler LLC will let U.S. consumers lock in gasoline prices for three years under a new incentive program launching at a time of sliding vehicle sales, rising oil prices and deepening consumer uncertainty.

The U.S. automaker, which has seen sales drop by almost 18 percent this year, said it would offer anyone buying one of its vehicles a pre-paid card that could be used to cap fuel prices at $2.99 per gallon for three years.

The sales incentive, which will be rolled out on Tuesday, will only cover the first 12,000 miles driven based on the estimated mileage for the Chrysler car or truck purchased, executives with the privately held automaker said.
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WestJet will charge more

Wednesday, April 30th, 2008

WestJet Airlines Ltd. is considering increasing its fares or adding a fuel surcharge to all tickets to combat soaring fuel prices.

Sean Durfy, the low-cost carrier’s president and chief executive, said WestJet has yet to put fuel charges on its tickets, and is instead trying to mitigate rapidly rising fuel prices by effectively managing costs, increasing utilization and raising fares where competitively possible.

In the first quarter, WestJet increased fares “probably three times,” Durfy told analysts in a conference call Tuesday. However, he said the true impact of fare increases don’t really offset the rise in fuel costs, which is the issue.
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Rising prices boost Shell and BP

Tuesday, April 29th, 2008

Shell made profits of $7.8bn (?3.9bn) in the first three months of the year, up from $6.9bn a year ago.

And rival BP saw its profits rise 48% to $6.588bn (?3.31bn), from $4.4bn.

In January, Anglo-Dutch firm Shell reported annual profits of $27.56bn (?13.9bn) for 2007, a record for a UK-listed company.

The quarterly results come as a strike by oil workers at the Grangemouth refinery in Scotland came to an end.
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