News
UK road fuels – competition is ‘working well’
...rises in pump prices for petrol and diesel over the last ten years have been caused largely by higher crude oil prices and increases in tax and duty and not...
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News
Q3 2012 – oil production and refinery demand
Total energy production, Q3 2012 Production of oil fell by 12.1% in the third quarter of 2012 when compared to the previous year. Oil consumption fell by 1.1%. The Department...
Opinion
Hydrogen (H2.0): a new dawn?
...around. Hydrogen stocks have now become an established investment class, reflected by blue-chip equity funds and long-term asset managers within their shareholder registers. In late 2019 share prices jumped similarly...
Opinion
Fuel duty freeze welcomed across sector
...move smoothly. Increasing fuel prices already risk economic recovery Brian Madderson, PRA chairman, commented: ”The levy has been frozen at 57.95ppl for petrol and diesel since March 2011,” he said....
Analysis
In review: the 2022 tanker market
...at the price when we’re ready to build.” Fluctuating component costs It’s the same at RTN, where Adrian is hoping that aluminium prices will stabilise this year and also highlighted...
News
Food-based biofuels to be capped
...4.5%. Biofuels produced from oil crops can give out more carbon emissions than diesel, and cause higher food prices. Connie Hedegaard told the Guardian: “We cannot morally afford to build...
News
Red diesel rebate change – the unwelcome impacts and contradictions
...duty change so it’s having a massive impact on us and our customers as we’re having to charge more money. “We can only cope by putting our prices up which...
News
Manx Petroleum – Fuelled with island spirit
...UK downstream has seen Manx Petroleum go through a period of transition leading to the creation of a new brand identity. To learn more, Fuel Oil News visited the company...
Opinion
Logistics operators report escalating costs as fuel prices soar
...than six in ten saying that both air and international road freight rates had also increased substantially. Fuel cost increase is impacting demand Bulk diesel prices, which constitute about 30%...
Opinion
Calls for ‘vital’ fuel tax cut to remove inflationary pressures on distributors
...fuel is key in the delivery of goods across the UK’s economy, and the knock-on effect of sustained prices will be increased costs for consumers and businesses: “77% of all...
Analysis
A year in the wholesale markets
...to create maximum flexibility in our product origination, to keep product costs as low as possible,” added Andrew. The same thinking has driven Greenergy’s investment in Thames Oilport – a...
News
Government urged to set achievable SAF targets and consider impacts on kerosene supply
UKPIA is calling on the UK Government to set an achievable target for the amount of Sustainable Aviation Fuel (SAF) used by UK airlines in 2025 or risk higher prices...
Analysis
Potential impacts of April’s NIC and minimum wage changes
...rising costs, from fluctuating fuel prices to vehicle maintenance and insurance. With the increase in NICs and wages, a company could see a significant increase in annual payroll costs. For...
News
Ready for a top up?
...said transport manager, Mark Mackenzie. “It’s becoming less popular as everyone’s pushed further into comparing prices for everything. When prices didn’t change every five minutes you’d find a much more...
Opinion
Creating a low carbon energy system
...was top of the political agenda before the appalling situation in Ukraine pushed wholesale heating oil prices up by over 100%. But it is important to put this into context....
Opinion
CIA President speaks out against the UK Government’s lack of energy policy
...throughout the UK.” He said: “Oil flows through the system have declined by a dramatic 40%, meaning that the country is becoming ever more reliant on imported oil and gas. It puts...
News
Success despite oil demand & price slump
...slump in demand for petroleum products during lockdown, as well as an accompanying fall in oil prices, resulted in a 22 per cent drop in Group turnover, down from £509.3m...
News
Jardine Motors Group achieves a carbon-cutting, UK first in waste oil management
...used oil through a fully circular waste oil management solution. Through servicing customers’ vehicles at their 50+ sites nationwide, Jardine generates significant volumes of used lubricating oil which is now...