Average diesel prices have reached a record high at the pumps - with Experian Catalist figures showing 180.29ppl for Sunday, May 15.
Pump prices rose more in March than in any previous month on record, despite the Chancellor announcing a 5ppl cut in fuel duty in his Spring Statement, according to new RAC Fuel Watch data.
Transport Secretary Grant Shapps’ message to consumers to boycott “greedy petrol stations” who refuse to pass on the recent fuel duty cut has been met with derision by fuel retailers.
A string of European urea plants restarted AdBlue production in late March, after being taken off line owing to record high natural gas prices.
The European refined products market has entered the new year in a much stronger position than last, as markets begin to return to some normality in 2022 and ‘endemic’ has rapidly become the phrase du jour.
The health of the European refined products market is steadily improving as vaccine roll-outs continue to gather pace and demand slowly returns, but plenty of hurdles remain before the industry can breathe a sigh of relief.
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