Motor Fuel Group’s owner kicks off £5bn selling plans January 18, 2022 Motor Fuel Group’s (MFG) owner Clayton Dubilier & Rice (CD&R) has kicked off plans to sell the UK’s biggest independent forecourts operator, Sky News first reported. The private equity firm CD&R has invited this week investment banks to bid for a mandate to sell the company, which could be valued at £5bn. The forecourts operator’s [...]
Petrol retailers accused of ripping off motorists over Christmas January 6, 2022 Petrol retailers failed to pass on wholesale price savings to UK customers last month, according to data from RAC Fuel Watch.
BP and Maersk Tankers team up to trial marine biofuel in decarbonisation push December 17, 2021 Product tankers powered on biofuels produced from recycled cooking oils have travelled from Netherlands to West Africa as part of BP-Maersk trials.
Petrol price wars ease as forecourt retailers see profits rocket December 14, 2021 Supermarkets such as Asda have eased competition in their fight to attract customers to their fuel and diesel pumps, as prices and profits rocket. Data from the RAC showed that last week’s price of petrol was 146.9p while the price of diesel continued to hike, reaching a record 150.80p. According to a Times analysis, the [...]
Record petrol prices reach new highs amid supply shortages November 12, 2021 Petrol prices topped 146p for the first time ever on Thursday, according RAC Fuel Watch. The motoring group’s data shows the average price of petrol has topped 146p a litre for the first time ever. Diesel is also at an all-time high of 149.66p. Chancellor Rishi Sunak’s has pledged to freeze fuel duty for the [...]
Diesel prices set spooky new record on Halloween November 1, 2021 Diesel prices across the UK have hit 147.94p on Halloween, setting a scary new record after surpassing April 2012’s record of 147.93p. Data from British automotive service company RAC have revealed that prices for a litre of diesel have gone up 30p in a year, with costs for a full tank hiking from £65 to [...]
Rishi Sunak spikes fuel hike plans October 26, 2021 Chancellor Rishi Sunak will scrap plans to hike fuel duty in the upcoming Budget, according to the Sun. The levy was due to go up next year from 57.95p per litre to 60.79p. The duty will be frozen for the second time this year. The decision follows petrol prices rocketing to record levels across the [...]
Petrol prices 2p away from record high October 16, 2021 The pump price for a litre of petrol sold at UK forecourts has reached 140.22p, the highest since September 2012. Data from the RAC Fuel Watch showed that fuel prices – which have gone up 26p a litre in the last year – are two pence away from the record high of 140.24p per litre [...]