Newspaper article Daily News (Warwick, Australia)

Tight Times as Fuel, Rego and Rates Rise

Newspaper article Daily News (Warwick, Australia)

Tight Times as Fuel, Rego and Rates Rise

Article excerpt

Byline: TONI SOMES

A "BELT tightening" time is how Warwick livestock transport operator Ross Fraser describes the start of this financial year.

For the iconic local company it will be a case of 'keep the cheque book handy' as they factor in a $600,000 per year increase in diesel costs thanks to the State Government abolishing the 8.354 cents/litre fuel subsidy last night.

This jump in fuel costs will be further exacerbated by a 20 per cent rise in vehicle registration costs from today.

For Frasers, this equates to a bill of $2658 for each of the 40 B-double trucks they operate, with registration fees for prime movers also set to rise.

"It's an overall 6.2 per cent increase in costs for us," Mr Fraser explained.

"Unfortunately there is not much we can do about it, but it will have an impact on what were already slim profit margins."

But it is not just major companies reeling in the wake of economic price hikes set to make this financial year a costly exercise in living.

Stanthorpe motorist Stephen Oliver yesterday joined dozens of locals to queue to fill petrol tanks for the last time before Queensland's fuel subsidy was scrapped.

Mr Oliver, who does between 60 and 80km daily in work and school trips, said the increase in fuel and registration hikes would put added pressure on his already tight family budget.

"We're in for a tough time; everything seems to be going up except for wages," Mr Oliver said.

"We have two vehicles and a motorbike to register so we're going to feel the price rises."

Mr Oliver said working more than 10km out of town limited his options when it came to alternative transport.

"It's a bit far to be walking," he said.

Allora-based fuel distributor Glenn Hentschel said road users were destined to bear the brunt of today's State Government changes.

"We've had a 400 per cent increase in business in the past month with people buying in fuel before the subsidy was scrapped," the Glenmar Fuels owner said. …

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