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Volatility in oil market set to push up prices at the pumps

Volatility in the oil market caused by the heightened tension in the Middle East could feed through to the pumps in the shape of higher prices, the RAC has warned.

UKPIA’s director-general, Stephen Marcos Jones
UKPIA’s director-general, Stephen Marcos Jones
  (Photo:  )

UKPIA publishes annual review of downstream oil industry

UKPIA has published its annual review of the downstream oil industry.

Charlotte Blum: analysis editor, Argus Media

Global crude oil prices are driving fuel prices at the pump, and all eyes are on Opec's attempts to raise them. There are early signs that production cuts are beginning to bite, but producers are facing an uphill struggle.

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Weekly retail fuel prices: 20 January 2020
RegionDieselLPGSuper ULUL
East133.4167.40141.10128.52
East Midlands132.93141.67128.44
London133.0565.90142.23128.80
North East131.55139.57126.67
North West132.1066.90140.54127.58
Northern Ireland129.82134.61125.46
Scotland132.65139.08127.50
South East133.80141.93129.03
South West132.9567.90139.13128.12
Wales132.1064.90137.03127.13
West Midlands132.7866.57142.07128.26
Yorkshire & Humber131.9963.90141.14127.34

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