In this case, these economic actors will not have to absorb the impact of taxes on these prices by selling their products at a price below the sum of the cost price
and all taxes.
Ray Holloway, RMI petrol retailers director explains: ``Sharp rises in the cost price
of both petrol and diesel, something that neither petrol retailers nor oil companies have any control over will lead to increases of about 1p per litre being added to retail prices.
Asda trading director Darren Blackhurst said: "We review our fuel prices daily and are committed to passing back the benefits of lower cost prices
to all our customers with our national price."
This tax measure does not aim to compensate for the lack of competitiveness for traditional rum on the Community markets because of high cost prices
. In the three departments concerned (Reunion, Guadalupe and Martinique), this industry generates a revenue of about 250 million and guarantees around 40,000 jobs, 22,000 directly.
Mr Holloway said, 'The cause of the rise is rooted in the fact that continued speculation about war, rather than an actual oil shortage, has forced cost prices
upwards on world markets.