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 […]
Leading independent fuel supplier Prax Petroleum is expanding its coverage of Wales and the South West of England with the opening of a terminal in Cardiff to add to its Dagenham and Immingham sites.
Treasury minister Danny Alexander has pledged to review FairFuelUK’s (FFUK) economic report, which shows that the planned 3ppl duty rise in January will result in 35,000 job losses and reduce GDP growth by 0.1%. During a landmark meeting yesterday (29 October) with FFUK and its major backers the FTA and RHA, the chief secretary to the Treasury made a firm commitment to look closely at the Impact of fuel duty on the macro-economy report, produced by the National Institute for […]
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.