UK diesel rose for the second month in a row during July, rising 2.0% to 111.86 ppl. Crude oil prices were higher compared to the previous month. Some tightness in supply appeared to impact while geopolitical tensions in the Middle East and North Africa looked to offer support. Broader financial market sentiment also appeared to have a bearing. The relative strength of the underlying price of crude oil could be offset by any strengthening in the exchange rate. (Source: EnergyQuote […]
Benton Bros (Transport) said it had to “absorb serious fuel price issues” last year after recording a £28,000 loss for the year ending 30 January 2013.
The average price of a litre of bulk diesel is just 0.75p off the all-time record set at the end of March last year, according to a survey of Road Haulage Association members.
Campaign group FairFuelUK (FFUK) has made a fresh call for the Chancellor to scrap January’s planned 3ppl rise in fuel duty, after figures from the Department of Energy and Climate Change (DECC) showed a sharp fall in fuel consumption. Sales of transport fuels fell 6.3% in the second quarter compared to the same period in 2011, made up of a 10.6% fall in petrol deliveries and a 1.6% fall in diesel deliveries. In all, some 6.2 billion litres of diesel […]