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P&O raises prices to cover sulphur costs

British ferry operator P&O faces a significant rise in costs when, starting next year, the carrier will have to switch to low-sulphur Marine Gas Oil. So the company is now raising its prices.

The new MGO (Marine Gas Oil) is too expensive for P&O, which is why the ferry operator has decided to raise the price on its services out of England, according to Sustainable Shipping.

"The new MGO is at least 50 percent more expensive than the heavy fuel we burn today and we will obviously need to recover those costs," a spokesman for the company was quoted as saying.

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