All Prices - Wholesale weekly articles
-
NewsFuel duty freeze could continue past September
The 5p per litre fuel duty discount introduced in 2022 and due to end in September this year could be extended, Ed Miliband has hinted.
-
NewsCMA “steps up” monitoring of fuel retailers in light of Iran war
The Competition and Markets Authority has announced it is stepping up its monitoring of petrol and diesel prices in light of soaring pump costs caused by the Iranian conflict.
-
NewsPump prices haven’t yet peaked, warn industry experts
The latest Iranian conflict has dominated news cycles and markets since it began less than two weeks ago, with petrol and diesel prices surging as the cost of oil spikes. Here, we consider both the current situation, and what the coming weeks may bring.
-
AnalysisReeves warns she will go after forecourts for “price gouging” and not sharing prices with Fuel Finder
The Chancellor of the Exchequer, Rachel Reeves, continued her attacks on forecourt operators on Tuesday (March 10), telling the House of Commons some retailers were selling fuel at 180p a litre, and that the government will “not tolerate price gouging”.
-
NewsCMA boss provokes ire with mention of “ripped off” forecourt customers
The head of the Competition and Markets Authority has provoked anger amongst forecourt operators after saying the watchdog will “call out” fuel retailers if it detects “signs consumers are being ripped off” during the Iran conflict.
-
NewsAt the sharp end: Forecourts hit with delayed deliveries, spiking prices and negative margins
Soaring wholesale petrol and diesel prices are leaving fuel retailers with little option but to put up their own prices. But with traditional media regularly criticising the sector for its profits, many forecourt operators across the country are turning to social media in a bid to explain the situation.
-
NewsUnleaded headed for 150ppl and diesel 160p as oil tops $100 a barrel
The retail cost of a litre of unleaded is set to reach 140p over the coming few days, with the Iranian conflict pushing the price of a barrel of oil past the $100 mark, up from around $60 just a couple of weeks ago.
-
NewsUpdated: Government says Fuel Finder fixed following “technical issue”
The Department for Energy Security and Net Zero says that a glitch stopping firms accessing pricing data from Fuel Finder has now been fixed.
-
NewsForecourts left in the lurch as diesel costs rise 20p per litre in just 48 hours
Oil companies are charging petrol stations 20p per litre more for diesel than they were just two days ago, leaving forecourt firms to either set high retail prices, or lose huge sums of money.
-
NewsConcerns grow that “alarmist and irresponsible” media coverage is stoking panic fuel buying
The Petrol Retailers Association has warned that messaging surrounding the Iranian conflict has the potential to create a “self-fulfilling prophesy” of petrol and diesel outages, as was seen during 2021’s tanker-driver shortage.
-
NewsWholesale diesel price rises 10p per litre as Iranian war echoes around the world
The conflict in Iran is already impacting the price of wholesale diesel, which opened at 10ppl higher this morning compared with Friday’s close. Oil is also up, with the cost of a barrel of Brent rising 8% over the weekend.
-
NewsGulf partners with MyAutomate to bring Fuel Finder compliance
The UK’s 400-plus Gulf-branded forecourts are being offered automated compliance with the government’s Fuel Finder price-reporting system following a deal done between Certas Energy, which owns the brand, and pricing firm MyAutomate.
-
NewsOil prices skyrocket following Iran attack
Last night’s attack on Iranian nuclear facilities by Israeli military planes has led to a surge in global oil prices. Iran holds around 10% of the world’s oil reserves and makes up roughly 5% of global production.