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 […]
Operators should check the temperature of their bulk diesel deliveries, as hot fuel may be costing them as much as 1ppl, according to Neil Robertson, sales and marketing director at independent fuel supplier Prax Petroleum.
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 […]
Harlow MP Robert Halfon has called for a parliamentary debate on whether the Office of Fair Trading (OFT) should investigate UK fuel prices. The Conservative MP wants a debate and vote to focus on the non-duty portion of petrol and diesel prices: specifically on whether there is a need to investigate possible price-fixing and anti-competitive behaviour by oil wholesalers. Halfon is seeking to table a Commons Motion on the issue, which has been backed by 65 cross-party MPs, and he […]