The UK’s annual inflation rate in June has slowed down to 7.9 percent, largely driven by falling motor fuel prices, according to figures published on Wednesday by the Office for National Statistics (ONS). The drop, bigger than some forecasts, left economists wondering whether the Bank of England (BoE) would go easier on its next interest rate hike,…
Falling Petrol and Diesel Prices Drove Inflation Down to 7.9 Percent: ONS
Energy Secretary Warns Fuel Retailers to Stop ‘Ripping Off’ Motorists
Energy Secretary Grant Shapps has told supermarket and petrol station bosses to stop overcharging motorists for fuel. The government demanded an “immediate end to overcharging” customers at the pump, said Mr. Shapps, after a call with UK retail executives. He took to Twitter to announce that he had called on supermarkets and petrol stations to…
UK Electric Vehicle Charging Points ‘Not Keeping Pace’ With 2030 Target, UK MPs Told
February 22, 2023
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Business & Marketscharging infrastructuredieselElectric carsElectric VehiclesenergyEV charging stationsnet zeropetrolUKUK GovernmentWorld
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MPs from all parts of Britain have called on the government to “step up” and increase the number of rapid electric charging points if they are to meet the demand expected over the next seven years. In 2020, Boris Johnson announced plans to phase out the sale of all new petrol and diesel cars and vans by…
Cost of Fuel for Australians Rises to $100 a Week
Cash-strapped Australians filling up at the fuel pump paid an extra $5 (US$3.50) a week over the course of the past three months, according to new figures. The Australian Automobile Association’s latest Transport Affordability Index, released on Sunday, shows average weekly fuel costs across the nation rose to $100.39 in the June quarter. Typical weekly…
Sri Lanka and the Start of a Starvation Pandemic
Commentary Poor governmental decisions in many countries are leading to mass starvation–and public retaliation against their governments. Sri Lanka’s current dire problems—in which popular street action has thrown out, first, a sitting prime minister, then his replacement, and then the sitting president—seem likely to be a precursor to similar actions elsewhere in the world. And…
UK Drivers Hit by Record Monthly Rise in Petrol Prices
July 6, 2022
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Business & Marketseconomic policieseconomyfuel pricesinflationpersonal financepetrolPriti PatelUKWorld
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British drivers were hit by a record monthly rise in petrol prices in June, motoring group RAC said. The average cost of a litre of petrol rose by 16.59 pence in June, from 174.8 pence to 191.4 pence, adding more than £9 to the cost of filling a typical 55-litre family petrol car, according to…
Britain’s Petrol and Diesel Prices Reach New Record Highs
Britain’s petrol and diesel prices have reached record highs, according to new figures. Statistics from data firm Experian Catalist show the average cost of a litre of petrol at UK forecourts on Tuesday was 167.6 pence. The previous record of 167.3p was set on March 22, the day before a 5 pence cut in fuel…
Gasoline Prices Taper Off, Could Rise Again
Many areas are reporting marginally lower gas prices or flat gas prices over the weekend, following a stratospheric rise in fuel costs resulting from long-developing trends in the oil industry and the impacts of the Russo-Ukrainian war on the global fuel supply. Meanwhile, the Philadelphia Enquirer reported that gas was down one cent per gallon…
South Australian Premier to Make Real-Time Petrol Pricing Permanent
South Australian (SA) Premier Steven Marshall has promised to help the state’s motorists find the cheapest fuel at any given time by making the already operating real-time fuel pricing scheme permanent. According to Marshall, the scheme, which is at the end of the first year of a two-year trial, has enabled motorists to save hundreds of…
Fears Australian Petrol Prices Will Remain Sky High
One of Australia’s top insurance companies has warned petrol prices may remain at unprecedented levels throughout the duration of Russia’s invasion of Ukraine. NRMA spokesman Peter Khoury said many Australians could expect to pay staggeringly high prices of more than $2 per litre (US$5.51 per gallon) when at the pump. “In Australia, most capital cities…
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