(LONDON) Fuel Prices Report: Petrol prices have hit 142.94p a litre, their highest level to date, according to the RAC motoring organisation #AceNewsDesk report

#AceNewsReport – Oct.26: The RAC said the increase was partly due to a doubling of the oil price since last year. Some analysts believe the oil price could rise further: The price of unleaded petrol has jumped by 28p a litre since last October, the RAC said, meaning it now costs £78.61 to fill a family car…..

#AceDailyNews says according to a BBC Business Report: Fuel prices were last around this level in April 2012: It is now £15 more expensive to fill up an average family car than a year earlier, said the RAC, which called the new high a “dark day for drivers”.

Petrol image

“This will hurt many household budgets and no doubt have knock-on implications for the wider economy,” a spokesman for the RAC said.

The organisation said that other costs, aside from oil, had also pushed up fuel prices. 

Retailers had increased their profit margins by 2p a litre from around 5.5p in April last year to 7.5p a litre. 

The RAC said retailers, particularly the smaller, independent ones, were trying to rebuild their profits after the steep fall in sales prompted by the first UK lockdown in spring last year. 

In addition to this, the ethanol component of unleaded petrol was doubled to 10% last month in the more eco-friendly E10 fuel, but as ethanol is more expensive than petrol, that added about 1p a litre.

Duty paid on fuel is currently 57.95p a litre, more than the cost of the combined bio and petrol components, which amount to around 50p. 

VAT, currently around 24p a litre, is applied on top of all other elements of the petrol price, including duty and the retailer’s profit margin. 

Petrol and diesel cars are slowly being phased out as part of pledges to tackle climate change.

The government says it will ban the sale of these from 2030. 

The introduction of the E10 fuel as standard this summer is also part of that drive.

The Department for Transport says bringing in this new fuel could cut carbon emissions by 750,000 tonnes a year, the equivalent of taking 350,000 cars off the road.

#AceNewsDesk report ……………Published: Oct.26: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#fuel, #london, #oil, #prices, #rac

(LONDON) LATEST: GOVUK Suspends competition law to allow oil firms to target fuel deliveries at petrol stations following recent panic buying #AceNewsDesk report

#AceNewsReport – Sept.27: It follows days of long queues at the pumps, after fears of disruption to the fuel supply sparked panic buying: Ministers are also considering deploying the Army to deliver fuel.

#AceDailyNews says that according to BBC News the government have suspended competition law to get petrol to forecourts and prevent further panic buying officials said the move would make it easier for companies to share information and prioritise parts of the country most at need.

A petrol station with a sign saying no fuel available

On Saturday, the government announced it would offer temporary visas, lasting until Christmas Eve, to 5,000 foreign fuel tanker and food lorry drivers and 5,500 poultry workers in a bid to limit disruption in the build up to Christmas.

The Petrol Retailers Association has warned that as many as two-thirds of its membership of nearly 5,500 independent outlets are out of fuel, with the rest of them “partly dry and running out soon”. The UK has a total of more than 8,000 filling stations.

Announcing the measure to exempt the oil industry from the Competition Act 1998, Business Secretary Kwasi Kwarteng said the government had “long-standing” contingency plans to maintain fuel supplies.

“While there has always been and continues to be plenty of fuel at refineries and terminals, we are aware that there have been some issues with supply chains.

“This is why we will enact the Downstream Oil Protocol to ensure industry can share vital information and work together more effectively to ensure disruption is minimised.

“We thank HGV drivers and all forecourt staff for their tireless work during this period.”

The government also relaxed competition law in March 2020, to help supermarkets work together to maintain food supplies.

More on the lorry driver shortageHow serious is the HGV driver shortage? 50,000 more lorry driver tests promised a yearTemporary visa plan to ease lorry driver shortageVisas won’t solve petrol supply issues – retailersA shortage of lorry drivers has caused problems for a range of industries in recent months, from supermarkets to fast food chains.In recent days, some fuel deliveries were affected, leading to panic buying and lengthy queues at some petrol stations.In a joint statement from companies including Shell, ExxonMobil and Greenergy, the industry reiterated that pressures on supply were being caused by “temporary spikes in customer demand – not a national shortage of fuel”.

PRA chairman Brian Madderson told the BBC the shortages were down to “panic buying, pure and simple”, with oil companies prioritising keeping motorway service station pumps topped up.Pumps were mainly running dry in Britain’s urban areas, while Northern Ireland was currently unaffected, he said.ReutersQueues began forming again outside this petrol station on Monday morningMr

Mr Madderson also told BBC Radio 4’s Today programme on Monday that filling stations were being restocked, but there were not enough deliveries to restore their normal levels of fuel.”One of our members yesterday received a tanker at midday and by late afternoon the entire tanker had disappeared into people’s cars,” he said.

Other measures include sending nearly one million letters to drivers who hold an HGV licence – to encourage them back into the industry – and plans to train 4,000 people to become HGV drivers. Grant Shapps: “

At the same time, she said the pandemic had disrupted testing for HGV licences, making it harder to replace the lost drivers.The shortage of drivers and other workers is also causing concern in the food and retail industry.

The British Retail Consortium said the number of visas being offered was “too small” to make an impact on the disruption expected at Christmas.What is competition law?……………Competition benefits consumers. It encourages firms to innovate and improve their offer to draw customers in. It can mean products are better, often at lower prices…………It also aims to make sure firms compete on a level playing field, as well as protecting them from other businesses acting unfairly.It stops businesses from making agreements with each other that would distort competition, leaving customers worse off.

Agreeing to fix prices for certain goods or services, limiting production to drive prices up, or carving up markets, for example, could all end up breaking competition law. That risks serious fines, people being banned from running companies, or even jail.During the pandemic, the government has intervened to exempt certain industries from elements of competition law.

At the height of the coronavirus crisis, for example supermarkets were allowed to share more information with each other on stock levels and share depots and delivery vans, to meet customer demand.

The latest move will allow fuel suppliers to share information on which locations are most in need and, according to the Petrol Retailers Association, possibly put fuel into their competitors’ sites – which they would not typically be allowed to do.Andrew Opie, director of food and sustainability policy at the trade association, told the BBC: “I think we’re going to see less choice, less availability, possibly a shorter shelf life as well, which is really disappointing because this could have been averted.”

Meanwhile, turkey farmer Kate Martin warned supermarkets could run out of poultry before Christmas.She said there were fewer turkeys being produced because the big processors “know they will not get them processed”.But the boss of supermarket chain Aldi in the UK said he expected “business as usual” at Christmas.Recruitment for additional short-term HGV drivers and poultry workers will begin in October, with the visas valid until Christmas Eve.

#AceNewsDesk report ………..Published: Sept.27: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts from Twitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#fuel, #govuk, #london

(AL-AIN, Leb.) JUST IN: A convoy of tanker trucks carrying Iranian diesel crossed the border from Syria into Lebanon early Thursday, a delivery organised by the militant Hezbollah group to ease crippling fuel shortages in the crisis-hit country #AceNewsDesk report

#AceDailyNews says that Hezbollah-organized fuel arrives in crisis-hit Lebanon: The delivery violates US sanctions imposed on Tehran after former President Donald Trump pulled America out of a nuclear deal between Iran and world powers three years ago according to Arab News source

http://priceofoil.org/2015/03/30/big-oil-eyes-prize-iran/

September 16, 2021 10:44:

It was portrayed as a victory by Hezbollah, which stepped in to supply the fuel from its patron, Iran, while the cash-strapped government grappled with the fuel shortages for months.
“This is a very big and great thing for us because we broke the siege of America and foreign countries. … We are working with the help of God and our great mother Iran,” said Nabiha Idriss, a Hezbollah supporter who gathered with others to greet the tankers’ convoy as it passed through the eastern town of Al-Ain.

Hezbollah has portrayed the Lebanese economic meltdown, which began in October 2019, as partly caused by an informal siege imposed by America due to the militant group’s power and influence in Lebanon. The group has been sanctioned by consecutive US administrations.

Lebanon’s crisis is rooted in decades of corruption and mismanagement by the ruling class and a sectarian-based political system that thrives on patronage and nepotism. Severe shortages in fuel have paralyzed the country, resulting in crippling power cuts that have disrupted the work of hospitals and bakeries. Just to get gasoline, people must wait hours in line, commonly called, “queues of humiliation.”
Hezbollah leader Sayyed Hassan Nasrallah had announced a month ago that Iran was sending fuel to Lebanon to help ease the crisis. The first Hezbollah-commissioned Iranian oil tanker arrived in the Syrian port of Baniyas on Sunday and the diesel was unloaded to Syrian storage places before it was brought overland to Lebanon on Thursday by tanker truck. The convoy went through an informal border crossing in Qusayr in Syria.

Nasrallah said in a televised speech earlier this week that the tanker did not offload its cargo directly in Lebanon to avoid embarrassing Lebanese authorities and risking sanctions on Lebanon.

Hezbollah, which is often accused by its opponents of operating a state-within-a-state and has been taking part in Syria’s civil war alongside government forces, has its own crossing points along the Lebanon-Syria border away from formal border crossings.

There was no immediate comment from Lebanese or US officials on the Iranian fuel delivery Thursday.
“Don’t forget this day,” tweeted Laury Haytayan, a Lebanese oil and gas expert and activist, describing it as the day Hezbollah won over the Lebanese state.
Hezbollah’s Al-Manar TV called it “the tanker truck convoys to break the American siege” adding that 20 tanker trucks each carrying 50,000 liters (13,210 gallons) crossed the border Thursday and were on their way to the eastern Lebanese city of Baalbek where Hezbollah will start distributing the fuel.

The tanker trucks crossed from Syria’s central province of Homs into Lebanon’s Bekaa Valley and were welcomed by residents who gathered on the sides of the main road. Hezbollah’s yellow flags and banners praising the Iran-backed group and Syria’s President Bashar Assad decorated the streets. A few women showered the trucks with rice and flowers as they drove past.

The arrival of the Iranian diesel comes nearly a week after a new government was formed ending a 13-month deadlock. Lebanon’s new Prime Minister Najib Mikati has not commented on the deal to import fuel from Iran.

Nasrallah said earlier this week that the diesel will be donated for a period of one month to institutions including public hospitals, nursing homes, orphanages, water stations and the Lebanese Red Cross. Nasrallah added that others who will get fuel at low prices are private hospitals, medicine and serum factories, bakeries and cooperatives that sell food products: Nasrallah said three other tankers carrying diesel and one carrying gasoline will arrive in the coming weeks.

#AceNewsDesk report ………Published: Sept.17: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#fuel, #hezbollah, #iranian, #lebanon, #sanctions

(LEBANON) JUST IN: At least 28-killed in fuel tank explosion on Sunday morning according to the health ministry #AceNewsDesk report

#AceNewsReport – Aug.16: BEIRUT, Aug 15 (Reuters) – At least 28 people were killed and 79 injured when a fuel tank exploded in northern Lebanon early on Sunday, the health ministry said.

#AceDailyNews says at least 28 killed in Lebanon fuel tank explosion military and security sources said that the army had seized a fuel storage tank hidden by black marketeers and was handing out gasoline to residents when the explosion occured.

Lebanon is suffering from a severe fuel shortage, leading to long lines at gas stations and extended blackouts. The disaster happened in the town of Altalil, in the Akkar region that is one of Lebanon’s poorest areas.

About 200 people were nearby at the time of the explosion, eyewitnesses said.

Caretaker Health Minister Hamad Hassan said the worst cases of burns probably needed quick treatment abroad to save their lives.

Click here to read more.
Source: Reuters

#AceNewsDesk report ……..Published: Aug.16: 2021:

Editor says …Sterling Publishing & Media Service Agency is not responsible for the content of external site or from any reports, posts or links, and can also be found here on Telegram: https://t.me/acenewsdaily all of our posts fromTwitter can be found here: https://acetwitternews.wordpress.com/ and all wordpress and live posts and links here: https://acenewsroom.wordpress.com/and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#explosion, #fuel, #lebanon

EUROPEAN UNION: ‘ BAN EXPORT OF JET FUEL TO SYRIA CITING ATTACKS ON CIVILIANS ‘

#AceWorldNews – EUROPEAN UNION:Dec.12 – EU governments agreed on Friday to ban the export of jet fuel to Syria from Sunday.

European officials said the fuel was being used by the Syrian Air Force for attacks on civilians, Reuters said.

The ban also covers finance and insurance related to jet fuel exports to Damascus.

Fuel and additives exclusively used by non-Syrian civilian aircraft landing in Syria will be exempt.

Europe itself is heavily dependent on jet fuel imports from the Middle East.

#ANS2014 

#aircraft, #ban, #fuel

‘ RUSSIAN TRUCKS DELIVER SIXTH LOAD OF HUMANITARIAN AID TO DONETSK AND & LUHANSK ‘

#AceNewsServices – MOSCOW – November 04 – A column of 10 trucks carrying humanitarian aid, sent by Russia’s Emergencies Ministry, has reached Lugansk.

RUSSIAN TRUCKS DELIVER HUMANITARIAN AID TO DONETSK AND & LUHANSK

RUSSIAN TRUCKS DELIVER HUMANITARIAN AID TO DONETSK AND & LUHANSK

“Ten trucks have arrived in Lugansk, bringing 50 tons of medicines and fuel.

The convoy is starting to be unloaded,” said the deputy head of the National Emergencies Center, Oleg Voronov.

'Humanitarian Aid Trucks Arrive in Luhansk '

‘Humanitarian Aid Trucks Arrive in Luhansk ‘

The regional government had ordered 100 tons of medicines to be brought as well as fuel, which is much needed in Donetsk and Lugansk.

This is the sixth convoy to have provided humanitarian aid, with thousands of tons of aid having already been delivered, including generators, drinking water and warm clothing.

Yesterday it was confirmed that a sixth load of Russian humanitarian aid is ready to be shipped to the suffering people of Ukraine’s Donbass region, according to Oleg Voronov, deputy head of the Russian Ministry for Emergency Situations.

The shipment will consist of over 100 tons of food and medical supplies and will be sent via 20 lorry trucks to Lugansk and Donetsk.

Source: Tass – RT – RIA Novosti 

#ANS2014 

#aid, #food, #fuel, #humanitarian, #medicines, #trucks