Saturday, 5th July 2008

Business from the Guernsey Press

Shops feeling the squeeze

0423182.jpgLOCAL shops are feeling the pressure of rising fuel prices. With the cost of oil continuing to rise, freight companies are passing it on to customers.

Terry Quinn (pictured) of Pulp Juice Bar imports all his fruit through Channel Express. He has to pay a surcharge of about 4%.  ‘It’s just one of those costs we are going to have to swallow. It’s as simple as that,’ he said.  ‘If we pass it on to the customers, we could start to lose them. It’s not easy between this and zero-10.  We have all got to just grin and bear it and hope the price will go down.

‘Living in an island which relies on imports for its freight, there is nothing we can do.’  He said he had considered purchasing a freezer van, going to the UK to buy the fruit and bringing it back himself. ‘But that would cost me too,’ he said. ‘It’s a case of six of one and half a dozen of the other.’

Oil hit $100 a barrel for the first time earlier this year and currently stands at a record $122.

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