Pallet boss urges government to keep fuel duty stabiliser

David Cameron recently suggested that there could be a revival of plans to cap petrol prices, an issue that formed part of the Tory election manifesto. However he has since said this could be more difficult than anticipated and told motorists not to "raise their hopes". Michael Conroy (pictured), chief executive of Palletforce, called on the government to heed the views of the transport industry. "The government should not underestimate how important our industry is to the nation's economy," said Conroy. "It is our members' trucks on the roads that enable other businesses to deliver their goods to stores and customers, ensuring a constant flow of trade and cash. Escalating fuel prices cause huge problems for our operators and eventually result in price increases that will push up inflation." He added: "As an industry, we operate with very little margin and are already dealing with other austerity measures such as the VAT rise. With petrol prices already at a peak, any move towards limiting fuel prices would go a long way to providing some security and breathing space for transport companies of every size."