The National Franchised Dealers Association has revealed that petrol sales fell 10 per cent in March to a record low of 1.31bn litres. The month followed growth of around four per cent in February, when drivers took advantage of prices 22p per litre lower than the year before.
Shell, in collaboration with race and road car designer professor Gordon Murray and engine specialist Osamu Goto, will co-engineer an ultra-compact, efficient car for city use based around the internal combustion engine.
New research from Go Ultra Low has shown that commercial vehicle operators and fleet managers are missing out on a share of more than £2.6 billion potential fuel savings, accessible by opting for an ultra-low emission van.
AA research reveals that the UK continues to levy the highest level of road fuel tax in the EU – despite four years of a fuel duty freeze. Analysis of road fuel tax levels in Europe shows that, despite UK fuel duty being frozen at 57.95p since March 2011, drivers in this country still pay the biggest chunk (69 per cent) per litre than those in other European countries.
The Society of Motor Manufacturers and Traders (SMMT) has launched a nationwide consumer campaign to raise awareness about the latest low-emission car technology and challenge the increasing demonisation of diesel.
Just last week Energy Minister Amber Rudd raised the prospect of petrol costing less than £1.00/litre ahead of the general election as crude prices continued to fall. However from a low point of $45/barrel for Brent Crude in mid-January, there has been a significant rally back to $54/barrel this week. The point is that this makes is less likely that fuel will get as low as a pound a litre any time soon.
“The PRA welcomes the news that seventeen of the UK’s most rural communities are a step closer to getting up to a 5p per litre fuel price cut. The government’s Rural Fuel Rebate scheme has today cleared the major hurdle gaining European Commission (EC) approval”, said Brian Madderson, chairman of the Petrol Retailers Association.
“This week the Chancellor of the Exchequer George Osborne, once again exhorted oil companies and retailers to pass on the full benefit of reducing crude oil prices to motorists and businesses”, said Brian Madderson, chairman of the Petrol Retailers Association.
Bigger, less efficient engine cars could make a return in both the new and used markets thanks to falling fuel prices, predicts Glass’s. With pump prices at their lowest since 2009 and a general increase in consumer confidence apparent, buyers are much more likely to consider buying a gas guzzler.
Our review of the year at the end of last year, pointed out how many sources had expected better times for the tyre retail market in 2014. Now as we move forward into 2015, Tyres & Accessories examines the current case for the demand recovery in the market. Many of the wider economic indicators point to broad economic recovery. At the same time pay is rising and inflation is levelling off at around 1 per cent, meaning household incomes should be rising. Furthermore fuel prices are lower than they have been for years. And of course, all this should lead to greater tyre sales volumes and even improved product mix. It is customary to be positive and even optimistic at this time of year, wishing everyone a happy new year etc, but the question remains with regard to our tyre market predictions – will it?
The RAC is urgently calling on fuel retailers to pass on further savings in the wholesale price brought about by the continued fall in world oil prices. This overdue cut would reduce the biggest cost of motoring just in time for Christmas, says the organisation. The RAC’s monitoring of fuel prices shows there is scope […]
In 2007, the Central American nation of Costa Rica set itself the goal of becoming the world’s first carbon neutral country, a feat it aimed to achieve by 2021. Bridgestone de Costa Rica (BSCR) has supported this ambition and set itself the goal of achieving C-Neutral certification by the Costa Rican government. It has worked towards this via a number of projects, including the installation of LED lights and solar lamps, switching to greener chemical products and implementing a carpooling programme. Last year it introduced nitrogen vulcanisation, replacing less energy-efficient hot water. As a result of these and other efforts, CO2 emissions at BSCR sank by 923 tons year-on-year in 2013, a 4.14 per cent reduction.
An article in The Scotsman says that there are warnings that the UK Government might restore the unpopular fuel duty escalator system due to falling oil prices and falling North Sea tax revenue. Three years ago George Osborne introduced a fuel stabiliser system as oil prices surged above $115 a barrel. He said “the escalator […]
The Petrol Retailers Association (PRA) has raised their concerns following comments that the industry will be warned for the first time by the Treasury to pass on price cuts to motorists. Chief secretary to the Treasury Danny Alexander has vowed to write to all main fuel suppliers and distributors for “assurance” that they will pass on the benefits of falling crude oil prices to consumers “as quickly as possible”.
The million UK Supporters of the FairFuelUK Campaign call on Danny Alexander to set up an OFT Enquiry into the pricing process at the pumps. FairFuelUK says that Alexander’s call for oil companies and retailers to lower prices is a bit rich and opportunistic when the Government already takes over 62 per cent in Tax. FairFuelUK has called for a 3p cut in duty since it has proven that cutting duty is good for growth, new jobs and lowering inflation. For an essential resource so important to the public, haulage industry, businesses and the economy, why is there no transparent pricing control?