Oil Report

Spain truckers say gov't offer won't stop strike

MADRID, June 8 (Reuters) - The Spanish government offered aid to truckers on Sunday to ward off an imminent strike over high fuel prices but it was immediately rejected as insufficient, news agency EFE reported.

The president of the National Federation of Road Transport Associations (Fenadismer), Julio Villaescusa, said the government offers merely repackaged existing measures and would not stop the strike due to commence at midnight local time on Sunday (2200 GMT), EFE said.

The head of the Development Ministry’s Road Transport Department, Juan Miguel Sanchez, earlier on Sunday said the government would in the next few days approve loans for truckers, as well as assistance for those who wish to retire and a regulatory change to allow truck contracts to be renegotiated quickly.

Truckers say supermarkets will run out of goods within days once they go on strike and they threaten protests and blockades throughout Spain in their call for assistance with coping with high fuel prices. The protest is the latest of a wave throughout Europe caused by the surge in the price of oil. (Reporting by Jason Webb; Editing by Stephen Weeks)