FTA's chief executive Theo de Pencier and director of policy James Hookham attended the meeting, and outlined remaining issues, including the cost of fuel distribution in remote areas and, similarly, the cost of deliveries and freight services in those regions.
"As well as discussing fuel prices, we also covered a range of other subjects affecting the freight industry, including the impact of the current driver shortage problem," states de Pencier.
He makes the point that the falling cost of oil is being passed on "to an extent" to the haulage industry, but adds that operators are not seeing anything like the 53% fall in bulk prices.
That is because fuel duty, at 57.95p per litre, dampens the impact of reductions. Additionally, since oil is traded in dollars, the weaker pound reduces the effect of the drop in oil for UK consumers.
"The current low price of oil is saving businesses substantial costs," continues de Pencier.
"This time last year fuel represented 37% of the total cost of running a 44 tonne truck, and the annualised cost for fuel for such a vehicle was £52,000. This has now dropped to an average of £43,000, a reduction of 18%."
de Pencier also suggests that while, in theory, the falling cost of oil is great news for the freight industry, other costs often cancel those savings out.