The Freight Transport Association has warned truck operators that they face substantial rises in the price of diesel over the next few weeks. FTA says that the bulk price of diesel has been held at around 64.5p per litre for the last few weeks due to industry being able to draw on bunkered stocks. However, prices on the Rotterdam spot market have dramatically increased during June and the increases are about to arrive on the UK market. FTA anticipates that by early July prices will constitute the highest ever experienced by UK industry approaching 66ppl. (These prices are lower than pump prices because VAT paid on diesel used by industry is recoverable.)