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Esso fuel card news: ExxonMobil chief concerned about fuel costs

22 April, 10
Rocketing fuel prices could provide an obstacle to the global economic recovery, the head of oil corporation ExxonMobil has suggested.

Chief executive Rex Tillerson has voiced concern over the current tentative state of worldwide finances and expressed hope that the recent upward trend in the cost of fuel would not hamper its emergence from the recent recession.

Speaking in the Texas city of Houston, he said it remains "hard to say" what impact prices at pumps over the world are having, but added: "It does concern me that energy prices [do] not become an obstacle to the economic recovery."

According to the Energy Tribune, Mr Tillerson urged governments not to over-regulate the oil industry but rather encourage the sector to develop innovative long-term solutions.

Yesterday (April 21st), SNP transport spokesman Angus MacNeil condemned the Westminster government for not cutting fuel taxation for struggling rural motorists and claimed only strong nationalist representation could achieve a fair deal for Scots drivers.

Increase the efficiency of your business and your fleet with the Esso diesel card.

Written by Matt HaskinsADNFCR-2675-ID-19735772-ADNFCR
Esso fuel card news: ExxonMobil chief concerned about fuel costs



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