Christian Reuter and Luxembourg’s Craftsmen Are Getting Crushed by Fuel Prices

Businesses are growing increasingly anxious about rising fuel prices. Anxious and helpless. For its part, the government has ruled out any risk of a fuel shortage and has no plans to intervene directly to support households and businesses. Since the start of the Iranian crisis, the price of a barrel of Brent crude has risen by 54% to its current level of $110. For Christian Reuter, the feedback from the field is quite clear: profitability is under pressure, especially for small businesses that have little room for maneuver. Christian Reuter, you are watching your members go under. The government is watching too. But they are doing nothing. They release a few thousand tons of oil, pat themselves on the back, and let you burn. Fuel Prices Are Just the Beginning And Plastics, Insulation, Logistics – Everything Is Going Up In the trades sector, we are clearly starting to feel the effects, says Christian Reuter. Not just through the cost of fuel itself. Several suppliers have already raised their prices, particularly for oil-related materials or supplies like plastics and insulation. Added to this is a rise in logistics costs, which is gradually being passed through the entire supply chain. Ultimately, businesses [...]

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