Australia markets closed
  • ALL ORDS

    7,674.20
    +54.00 (+0.71%)
     
  • ASX 200

    7,362.00
    +50.30 (+0.69%)
     
  • AUD/USD

    0.7425
    +0.0004 (+0.06%)
     
  • OIL

    82.66
    +1.35 (+1.66%)
     
  • GOLD

    1,768.10
    -29.80 (-1.66%)
     
  • BTC-AUD

    82,385.77
    -1,330.73 (-1.59%)
     
  • CMC Crypto 200

    1,464.06
    +57.32 (+4.07%)
     
  • AUD/EUR

    0.6396
    +0.0002 (+0.03%)
     
  • AUD/NZD

    1.0486
    -0.0054 (-0.52%)
     
  • NZX 50

    13,012.19
    -36.30 (-0.28%)
     
  • NASDAQ

    15,146.92
    +94.50 (+0.63%)
     
  • FTSE

    7,234.03
    +26.32 (+0.37%)
     
  • Dow Jones

    35,294.76
    +382.20 (+1.09%)
     
  • DAX

    15,587.36
    +124.64 (+0.81%)
     
  • Hang Seng

    25,330.96
    +368.37 (+1.48%)
     
  • NIKKEI 225

    29,068.63
    +517.70 (+1.81%)
     

Distributors working hard to replenish stocks, petrol body says

·3-min read
Motorists queue for petrol at an Esso petrol station in Brockley, south London (PA) (PA Media)
Motorists queue for petrol at an Esso petrol station in Brockley, south London (PA) (PA Media)

The UK Petroleum Industry Association has said distributors are working hard to replenish stocks after the president of the AA blamed panic-buying for the shortage of fuel.

The group, which is the trade association for the UK downstream oil sector, has said there are no issues with “production, storage or import of fuels” as drivers queued at petrol stations across the country to fill up their tanks.

In a statement on Saturday, a spokesperson said: “There has been an increase in demand for fuels this week which is above and beyond what is usual.

A man carries containers at a Tesco Petrol Station in Bracknell, Berkshire (Steve Parsons/PA) (PA Wire)
A man carries containers at a Tesco Petrol Station in Bracknell, Berkshire (Steve Parsons/PA) (PA Wire)

“There are no reported issues with the production, storage, or import of fuels while distributors are working hard to replenish stocks at forecourts.

“Customers should continue to buy fuel as they would normally.”

Earlier on Saturday, Edmund King the head of the AA, said issues surrounding fuel should pass in a matter of days if drivers just stick to filling up when they need to, adding “there is plenty of fuel at source”.

Speaking to BBC Breakfast Mr King said a shortage of lorry drivers had only been a “localised problem” earlier in the week.

His words come ahead of an expected announcement by the Government that visa rules for foreign lorry drivers will be relaxed.

“We were in discussions with Government ministers last night and we talked to the major fuel companies, and we can reiterate there is not a problem with supply at the source,” Mr King said.

Once people have filled up, they won’t travel more than they normally travel, so this strain on the system should ease up in the next few days

Edmund King, AA president

“Earlier in the week, there were some problems with the supply chain, as we know, due to a shortage of some lorry drivers, but that was only a localised problem.”

Mr King said the shortage had been exacerbated by “people going out and filling up when they really don’t need to”.

“If you think about it, 30 million cars out there, if they’ve all got half a tank (and) if they all rush out to fill up the rest of the tank and the tank is about 60 litres, that will put a strain on the system,” he said.

Mr King said the issues were unlikely to last because the supply chain is not being disrupted by ongoing problems such as industrial action.

“The good news is you can only really fill up once – you’ve got to use the fuel, so this should be a short-term thing,” he said.

“It’s not like the fuel crises in the past when the supplier was hit by strikes etc.

“So, once people have filled up, they won’t travel more than they normally travel, so this strain on the system should ease up in the next few days.”

While fuel shortages are unlikely to last, Mr King said a shortage of lorry and HGV drivers was an ongoing issue.

“The market is stretched, so I think that is a broader issue that is affecting the supply chain, not just the petrol and diesel, but retail as well.”

Mr King said the Government has freed up a number of driving tests for HGV drivers in training but said he did not know the specifics of further action it plans to take.

Read More

Panic-buying causing fuel shortages, not supply chain issues, AA head says

Robert the Bruce document linked to Scottish independence to be auctioned

Starmer secures narrow victory to implement Labour leadership reforms

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting