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Biodiesel pump

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ESL Fuels Biofuel Market Update – Q1 2025

...particularly regarding the future of the Biodiesel Tax Credit (BTC), along with proposed tariff increases on key feedstocks, has reduced the pricing arbitrage between the US and Europe. NWE prices...

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Puma Energy announces Q3 2016 results

...1,192 1,123 Earnings before interest, tax, depreciation and amortisation (EBITDA) 165 177 556 504 Capex 60 237 386 590 Cash flow from operating activities 200 155 686 606    ...

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Fluctuating oil price fuels growth

...result of the new depots coming on stream. Group pre-tax profit grew by a third, from £5.8m to £7.7m. “Being a commodity-based business, Rix Petroleum’s turnover is affected by a...

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Fuel duty may be frozen but the fight goes on

The chancellor George Osborne scrapped the 3 pence per litre rise in fuel duty scheduled for this January. The decision not to increase the tax was confirmed by Osborne in...

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Concerns raised – UK housing: fit for the future? 

...will be paid for by the public, either through additional taxation, higher energy bills or at the expense of something else. Given the existing enormous pressure on both public and...

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LCM Group launches with acquisition of PIS (Ireland)

...This acquisition was facilitated by Mills Selig Solicitors, Clarion Solicitors, and O’Reilly Stewart Solicitors. Tax advice was provided by BHP Chartered Accountants and funding by Barclays Bank. The photo shows...

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Robust financial performance

...9.4 8.4 +11.9% EBITDA (in US $m) 300 311 (3.5%) Profit after Tax (in US $m) 161 168 (4.2%)   Including FY18, Essar has invested over $850 million since acquiring...

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Brobot – successful but ‘remaining vigilant’

Brobot Petroleum, which operates 23 filling stations, has successfully appealed via the First Tier Tax Tribunal against HMRC’s imposition of unreasonable conditions to obtain an excise duty Deferment Account Number:...

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Budget priority – reduce fuel duty

...for natural gas and biomethane relative to diesel rates for at least 10 years. • Ensure that the introduction of the HGV Road User Levy will be tax neutral in...
Lindsey Oil Refinery at dusk

Market Report

The meteoric rise and sudden demise of State Oil

...the company’s demise, but the devastating impact on laid-off employees is very real, as is HMRC’s unpaid £250m tax bill! In addition, there are now understandable, long-term worries around the...