Small businesses are facing renewed cost pressures after the government confirmed that fuel levy relief measures will not be extended beyond June.
Rising fuel prices will continue to push up the costs of transport and operating expenses, and for many small businesses already operating on tight margins, ongoing fuel price volatility is creating growing pressure on cashflow, pricing, and long-term sustainability.
Regional investment manager at Business Partners Limited, Friedrich Meisenholl, said the impact will extend far beyond the filling station forecourt, quickly filtering through to businesses bottom lines.
