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The cost of transportation represents less than two cents of the price of a liter of oil.

Date: April 21, 2024 Time: 02:40:45

The International Road Transport Association (Astic) has stated that the cost of heavy oil road transport service has an almost insignificant impact on the final price of the product. In fact, they have assured that this service represents less than two cents in the price of a liter of oil.

Astic has thus responded to the statement from the Organization of Consumers and Users (OCU) in which it was pointed out that the 8.6% increase in diesel prices in August could cause an increase in the price of olive oil, due to an increase in the costs of transporting goods,

The association, however, ensures that the impact of the cost of heavy road transport is “almost negligible” on the final price of a liter of olive oil, which this August was 52.5% more expensive than the year before. last and 116% more than in August 2020.

Transportation rates have gone down.

The leading Association of Professional Land Transport Employers in Spain estimates that transporting 21,000 liter bottles of olive oil by truck between the province of Jaén and Madrid (about 370 kilometers) costs less than 400 euros.

For this reason, he insists that the heavy transport of goods by road “is the link in the production, supply and distribution chain that has the least impact on the formation of the final price of this type of product.”

“The fact that today a bottle of oil costs more than double what it did just three years ago, despite being one of the products included in the VAT reduction applied from 10% to 5%, has nothing to do with the rates of transport services” say the association, attributing the rise in oil prices to increased costs and climatic factors.

The transporters’ association indicates that in the April-June period the rates in the European road freight transport market, contrary to what has happened to fuel, salary costs, weights, tires, insurance, The price of credit or the trucks themselves have tended to decrease for the third consecutive quarter, according to the European Road Transport Rate Index prepared by the International Road Transport Organization (IRU), Upply and Ti.

In the specific case of Spain, the data from the latest Price Observatory of the Ministry of Transport, Mobility and Urban Agenda, corresponding to the first quarter of 2023, reflect, according to the organization, “the existing gap between costs and prices of the transport of goods by car “retera in our country.”

“Between the first quarter of 2022 and the same stretch of 2023, the costs of our sector have grown 6.3 points above the prices received by transporters,” concludes the president of Astic, Marcos Basante.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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