The recent events in the Middle East and North Africa have certainly tightened the offer of oil and this – of course – triggers a global price-increase. It’s a really volatile market, and motorists often have the problems of quick grows as a result of political or social unrest or other stimulants. Oil prices are larger now than they were actually ahead of, and this is hitting the wallet of the normal motorist. It’s hitting the pocket of the employee who drives for his living, and obtains business reimbursements – for example Mileage Rate/ Mileage expense – to compensate. www.mapmiles.com will assist these motorists realize how much additional they’re paying per mile in light of these current price-hikes.

The reason why don’t we look across Europe and check how much – on regular – they’re paying today for a litre of petrol or diesel? Bear in mind that a recent 25 per cent hike in fuel prices in Qatar was met with derision by motorists; they are currently paying approx 20c per litre of petrol, in order that need to afford you some viewpoint concerning the relativity of it all.

Norway is a a lot of expensive country in Europe to buy petrol. Last month, Norwegians were paying nearly 1.75 per litre, while their neighbours Sweden were just paying 1.52. The Dutch were simply being expected to fork out 1.65 per litre, the Brits 1.55 and the Irish 1.44.

Poland was by far and away the best country to buy a litre of petrol. At only 1.04, they were most of 14c lighter than Latvia. Austria, Estonia, Germany, Slovenia, Spain, Luxembourg and Lithuania were the only other countries which didn’t break 1.30 per litre.

To put this into views, one year ago Greeks were paying 1.09 per litre, and today pay 1.59; the French were paying 1.12 per litre, but they are currently paying 1.60; he Irish were paying 1.25, now they’re getting asked for 1.44. Its not all these hikes are the result of the cost of a barrel of oil of course. Many countries make large tax responsibilities on fuel due to the global recession.

What all of this ways of system is when you discussed a deal using your company or client for Mileage Rate/ Mileage expense or travel allowance, based on what you do, the get will have to be renegotiated. Regarding the Greeks or even the French, they are having to pay pretty much 50 per cent greater than these were twelve months ago. www.mapmiles.com will help you figure out exactly how much extra you are paying per mile.

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