"Gig economy giants like Uber and Deliveroo make money all year round from drivers' hard work. Now times are tough - our members need some help back. The conflict in Iran has caused an unprecedented spike in fuel prices - bosses need to help drivers now if they want to keep them on the platform."
"Fuel prices have surged at the fastest rate since 2022, reaching their highest level in about 18 months as global oil markets respond to the conflict in the Middle East. Average fuel prices in the UK have climbed to around 138.9 pence per litre for petrol and 155.1 pence per litre for diesel, with diesel prices rising by nearly 9% since the conflict began."
"The union argues that delivery riders and private hire drivers-who heavily rely on fuel for their work-are being hit hardest by this sudden increase in costs and need temporary support measures. Suggested measures include higher per-mile payments, fuel subsidies, or other financial assistance to help offset the surge in operating costs."
Fuel prices in the UK have surged to their highest levels in approximately 18 months, driven by escalating conflict in the Middle East. Petrol prices have reached around 138.9 pence per litre, while diesel has climbed to 155.1 pence per litre, with diesel rising nearly 9% since late February. The GMB Union is urging gig economy companies including Uber, Deliveroo, and Bolt to provide financial support to their drivers and riders who depend heavily on fuel for work. Proposed assistance measures include higher per-mile payments, fuel subsidies, or other financial aid to offset increased operating costs. Economists warn the oil price spike could trigger broader inflation and transportation cost increases across the UK economy.
Read at London Business News | Londonlovesbusiness.com
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