Latest news with #fuel
The Sun
13 minutes ago
- Automotive
- The Sun
Outrage as millions of drivers hit by £15 EXTRA fee to fill up at petrol stations across UK – check routes to avoid
DRIVERS are being warned they face paying an additional £15 fee to top-up their car at certain fuel stations. The AA says anyone planning a journey across Britain this summer should consider their options. 1 Analysis by the motoring organisation shows major discrepancies within the network. For example, motorway petrol averages 155.7p a litre, while A-road averages 140.1p a litre. The UK average is just 134.6p a litre. Edmund King, President at the AA, stressed owners were being hit with an 'outrageous' bill to fill up at motorway service stations. On average, the AA has revealed that motorway bays were charging between 20p and 30p per litre more than ordinary fuel stations, a major blow to road users. Charging 20p to 30p a litre above the UK average pump price or £10 to £15 a tank more to fill up on a motorway is frankly outrageous Edmund King, President of the AA According to the latest figures, the average price of petrol is 134.6p per litre, with diesel at 141.9p per litre. Despite this, motorway averages stand at 155.7p a litre for petrol and 164.4p for diesel, a serious hike. The AA refused to accept the higher costs even when taking into account the extra cost associated with running service stations. Edmund said: 'Even with the extra costs of providing a 24-hour service, free parking and facilities and staffing, charging 20p to 30p a litre above the UK average pump price or £10 to £15 a tank more to fill up on a motorway is frankly outrageous. "No wonder holiday drivers baulk at buying fuel at a service area.' According to analysis, West Country routes between London and Exeter saw the highest difference in fees. M6 closed as two children among eight injured in horror crash with drivers facing two-hour delays On the motorway, road users are paying around 155.2p per litre to top-up with petrol and 163.1pence to fill up with diesel. This compares to a local A-road average of 139p per litre for petrol vehicles and 146.9 pence for diesel machines. Across the M1 and M6, petrol was priced at a whopping 158.8p per litre on motorways compared to 145.8 pence elsewhere. Diesel was also a lot higher with motorway fees recorded at 167.1p per litre compared to 154.6 pence off the main routes. The AA stressed that motorists keen on cutting back on costs should shop around for the best fuel deals even if it means leaving their route. Edmund stressed that mobile services allow users to locate previously hidden fuel stations that may be lying just off the exit of some junctions. He added: 'Savings on A-road holiday routes stand out in particular. "However, there is the likelihood of slower traffic at peak times and many cheaper fuel stations will not operate late at night. "It's a gamble but it may well pay off if a vacation trip cannot be done in one hop.'
Yahoo
10 hours ago
- Business
- Yahoo
Second tanker to skip fuel lifting from sanctions-hit Nayara, sources say
SINGAPORE/NEW DELHI (Reuters) -A tanker will not load fuel from India's sanctions-hit Nayara Energy refinery as scheduled, according to three industry sources and LSEG shiptracking data, becoming the second such vessel to change plans following the European Union strictures. Nayara Energy, which is partly-owned by Russia's largest oil producer Rosneft, fell foul of a fresh package of sanctions imposed on Friday by the European Union over Russia's war on Ukraine, begun in February 2022. The Chang Hang Xing Yun is now tentatively set to load about 35,000 metric tons (260,750 barrels) of ultra-low sulphur diesel from Kuwait on August 1 before heading to east Africa, according to data from LSEG shiptracking and a shipping source on Wednesday. It was previously scheduled to load about 35,000 tons of diesel from July 29 to 31 at Nayara Energy's Vadinar port, with the cargo bound for either Southeast Asia or Chittagong in Bangladesh, chartered by PetroChina, Reuters had reported. Petrochina and Nayara Energy did not immediately respond to requests for comment. The ship was still positioned off the west coast of India on Wednesday. Earlier, the tanker Talara chartered by BP left Nayara Energy's Vadinar port without loading, Reuters reported on Tuesday. On Monday, Nayara Energy said it condemned the EU's "unjust and unilateral" decision to impose sanctions on it, while India also has said it did not support the bloc's sanctions. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
10 hours ago
- Business
- Bloomberg
Malaysia's Anwar Unveils Gasoline Price Cut, Cash Handouts
Malaysia is amending plans to cut subsidies on the country's most popular fuel, while also providing cash handouts as Prime Minister Anwar Ibrahim moves to help people with the cost of living. In a support package unveiled in a televised briefing Wednesday, Anwar announced a payout of 100 ringgit (about $24) to Malaysians aged 18 and above. The country will also effectively continue to help people pay for RON95, the cheapest and most popular fuel, reducing it to 1.99 ringgit per liter from 2.05 ringgit per liter for locals.
Reuters
12 hours ago
- Business
- Reuters
Ampol sees weaker first-half earnings on supply woes; reports lower margins
July 23 (Reuters) - Australia's top fuel retailer Ampol Ltd ( opens new tab on Wednesday forecast weaker half-year earnings as sea-freight conditions impacted its supply chain, and reported a 1.1% drop in second-quarter refining margins at its Lytton refinery. The company expects first-half earnings before interest and taxes on a replacement cost basis to be A$400 million ($262.04 million), compared with A$502.1 million a year earlier. The second-quarter refining margin at its Lytton refinery in Queensland, one of the company's key assets, decreased to $8.71 per barrel, down from $8.81 last year. Over the year, operational disruptions such as planned maintenance and loss of production days due to Cyclone Alfred, coupled with weak refining margins in Singapore, have weighed on refining margins and the output levels of the Queensland refinery. However, Lytton's refinery margin increased from the prior quarter's $6.07 per barrel owing to improved product crack — the difference between the price of crude oil and the prices of the refined petroleum products — in the later part of the year. The Sydney-based firm reported second-quarter total sales volume of 6,304 million liters (ML), down 4.7% from a year earlier. Its Lytton refinery output for the second quarter was 1,406 ML, compared to 1,420 ML logged a year earlier. The company's non-refining segments, convenience retail and New Zealand, performed well for the quarter. Grady Wulff, a senior market analyst at Bell Direct, noted that Ampol's convenience retail operations have been a key earnings driver, with resilient performance in this segment and New Zealand helping to cushion the impact of weaker refining results in the first half. Despite the mixed operational performance, shares gained ground, in tandem with the domestic energy sub-index (.AXEJ), opens new tab, which was lifted by steadying oil prices. Ampol stock rose as much as 4% to hit its highest since February 21. The company is slated to report its half-year financial results on August 18. ($1 = 1.5265 Australian dollars)
Reuters
15 hours ago
- Business
- Reuters
Ampol forecasts lower half-year earnings on supply chain impacts
July 23 (Reuters) - Australia's top fuel retailer Ampol Ltd ( opens new tab on Wednesday forecast weaker half-year earnings as sea-freight conditions impacted its supply chain, and reported a 1.1% drop in second-quarter refining margins at its Lytton refinery. The company expects first-half earnings before interest and tax on a replacement cost basis (RCOP EBIT) to be A$400 million ($262.04 million), compared with A$502.1 million a year earlier. The second-quarter refining margin at its Lytton refinery in Queensland, one of the company's key assets, decreased to $8.71 per barrel in the second quarter, down from $8.81 last year. Over the year, operational disruptions such as planned maintenance and loss of production days due to Cyclone Alfred, coupled with weak refining margins in Singapore, have weighed on refining margins and the output levels of the Queensland refinery. However, the refinery margin increased from the prior quarter's $6.07 per barrel, due to improved product crack - the difference between the price of crude oil and the prices of the refined petroleum products - in the later part of the year. The Sydney-based firm reported second-quarter total sales volume of 6,304 million liters (ML), down 4.7% from a year earlier. Its Lytton refinery output for the second quarter was 1,406 ML, compared to 1,420 ML logged a year earlier. The company is slated to report its half-year financial results on August 18. ($1 = 1.5265 Australian dollars)
