Fuel Price Pulse – 6th December

Robin, Customer Success Manager at The Fuel Store, shares his insights into the factors impacting fuel prices, including his predictions for fuel costs as we head into next week.

 

What determines fuel prices?

Wholesale fuel prices govern the price you pay for petrol and diesel at the pumps. Wholesale prices are influenced by a range of factors, including supply, demand, and pricing for crude oil, oil refinery production levels, the pound-to-dollar exchange rate, socio-economic and political factors that might impact production/demand, the margin (profit) taken by fuel retailers, and fuel duty and VAT charged by the Government.

 

Factors influencing fuel pricing this week

The oil market is trading slightly lower this week, compared to last week. At the start of the week, oil prices remained steady. This was due to a mix of factors: optimism about stronger demand from China’s improved factory activity was balanced by concerns that the U.S. Federal Reserve might hold off on cutting interest rates in its upcoming December meeting.

 

The Chinese Economy

China’s factory activity grew at the fastest rate in five months this November, driven by a strong increase in new orders, including international demand. This growth boosted production levels and raised manufacturers’ confidence to an eight-month high, according to a private-sector survey released on Monday.
Increased factory activity in China signals stronger economic growth and higher industrial output. As one of the world’s largest oil consumers, China plays a critical role in shaping global oil demand. Weak economic growth in China can limit industrial activity, transportation, and manufacturing—all key drivers of oil consumption – while a strong recovery in China could boost global oil demand. Additionally, the optimism among manufacturers suggests sustained or growing demand, which can further support fuel prices as traders anticipate a steady or rising need for energy in the future.

Federal Reserve eyes interest rate cuts

However, this optimism is tempered by news that the Atlanta Federal Reserve President, Raphael Bostic, has an open mind about cutting interest rates again at its December meeting, with data on jobs important in shaping the decision. Higher interest rates increase the cost of borrowing, which can slow economic activity and dampen demand for oil.

Ongoing geopolitical tension

Geopolitical uncertainties also continue to influence oil prices. Although a ceasefire between Israel and Hezbollah began last Wednesday, it remains fragile, and doubts about its stability have emerged. Meanwhile, heightened tensions in the Middle East, including a new rebel offensive in Syria that risks involving multiple oil-producing nations, continue to support oil prices. South Korea’s political unrest also adds to the global risk environment.

OPEC+ – supply and demand

Oil prices fell on Thursday and Friday as investors weighed a supply surplus forecast for 2025. Despite OPEC+’s decision to delay planned output increases until April 2025 and extend deep production cuts through the end of 2026, analysts still expect an oversupply. With the OPEC+ decision now settled, the market remains concerned about weak demand and increasing production from non-OPEC+ countries, which continues to pressure oil prices.

 

Supply, demand and other factors: 

  • While geopolitical tensions can cause market uncertainty – especially in oil-producing regions such as the Middle East and Russia – global economic performance can also slow demand and impact prices. 
  • Oil is traded in U.S. dollars, so fluctuations in the dollar’s value impact oil prices. A stronger dollar makes oil more expensive for other currencies, potentially lowering demand. 
  • Seasonal factors like winter heating demand in the Northern Hemisphere can also increase oil consumption and pricing. 

 

Next week’s fuel prices

We predict the market will likely trade lower going into next week. With the OPEC+ decision out of the way, the market is still left with a sluggish demand outlook and rising non-OPEC+ production, along with uncertainty around geopolitical and global economic influences.

 

 

The information provided in this post is for information only. It does not constitute financial advice. Pricing predictions are speculative and should not be relied upon for forecasting purposes. 

Fuel Price Pulse – 29th November

Robin, Customer Success Manager at The Fuel Store, shares his insights into the factors impacting fuel prices, including his predictions for fuel costs as we head into next week.

 

What determines fuel prices?

Wholesale fuel prices govern the price you pay for petrol and diesel at the pumps. Wholesale prices are influenced by a range of factors, including supply, demand, and pricing for crude oil, oil refinery production levels, the pound-to-dollar exchange rate, socio-economic and political factors that might impact production/demand, the margin (profit) taken by fuel retailers, and fuel duty and VAT charged by the Government.

 

Factors influencing fuel pricing this week

Oil prices are slightly lower in comparison to last week. 

 

Geopolitical tensions and the impact on fuel prices: 

Prices started the week higher due to renewed concerns about the Ukraine conflict, as tensions escalated in the region. 

 

Tensions in Eastern Europe continue to unsettle markets, especially given Russia’s role  as a major oil exporter. Any escalation could disrupt energy supplies and increase prices.

 

However, midweek developments saw a slight reduction in prices. Israel and Hezbollah agreed to a 60-day ceasefire that began at 4 a.m. local time today. This truce follows significant damage inflicted by Israel on the Iranian-backed Hezbollah militia. While the ceasefire initially reduced geopolitical risks, oil prices rose slightly after reports of a potential violation of the truce. Israeli military tanks fired into southern Lebanon, claiming that suspicious vehicles and individuals had entered the border zone. 

 

Ceasefires in volatile regions temporarily ease concerns, but violations or renewed fighting can quickly reverse market sentiment.

 

OPEC+ Meeting Postponement and Its Impact:

Another key factor influencing the market is the upcoming OPEC+ meeting, originally scheduled for December 1 but postponed to December 5. 

 

Russia, Saudi Arabia, and other OPEC+ members have been holding discussions over potential changes to oil production. There is speculation that OPEC+ might announce deeper production cuts or extend existing ones to stabilise prices. Any decision to limit supply further would likely push prices higher in the coming weeks. 

 

Supply, demand and other factors: 

  • While geopolitical tensions can cause market uncertainty – especially in oil-producing regions such as the Middle East and Russia – global economic performance can also slow demand and impact prices. 
  • Oil is traded in U.S. dollars, so fluctuations in the dollar’s value impact oil prices. A stronger dollar makes oil more expensive for other currencies, potentially lowering demand. 
  • Seasonal factors like winter heating demand in the Northern Hemisphere can also increase oil consumption and pricing. 

 

Next week’s fuel prices

We predict that fuel prices will rise slightly next week, as markets prepare for the OPEC+ meeting and react to uncertainties surrounding the Israel-Hezbollah ceasefire. The combination of potential production cuts, seasonal demand increases, and geopolitical factors could create upward pressure on prices.

 

 

The information provided in this post is for information only. It does not constitute financial advice. Pricing predictions are speculative and should not be relied upon for forecasting purposes. 

Supporting The Community Transport Association

The Fuel Store has recently partnered with The Community Transport Association (CTA) – a national charity that champions and supports community transport initiatives, helping to connect people and promote accessible transport options for everyone. The collaboration will benefit CTA’s incredible network of drivers and volunteers by delivering significant fuel savings that will help them to go the extra mile for the people that they support. 

 

With the rising fuel costs continuing to challenge community transport providers, The Fuel Store is offering CTA members an average saving of 12.5p per litre (saving estimate based on average savings in 2023). Saving money on fuel allows the charity to maximise the impact of the support offered to vulnerable individuals and communities, a core focus of CTA’s work.

 

As well as fuel savings versus forecourt prices, CTA members stand to benefit from lower fees, access to free fuel management software to streamline expense management, and discounts on Fraud Guard fuel card insurance. They can also access reduced costs on carbon offsetting, supporting greener, more sustainable transport solutions.

 

Matt Cheesman and Rachael Cordell from The Fuel Store attended the recent CTA conference, where they enjoyed chatting with CTA members. 

Speaking about the partnership, Matt Cheesman, Partnerships Manager at The Fuel Store, commented: “We’re delighted to support the amazing work of the Community Transport Association and their members. Attending the conference was a great chance to meet passionate people who are making a huge difference in their communities. We’re proud to be able to help them continue their mission and go the extra mile by accessing cheaper fuel.” 

 

This partnership demonstrates The Fuel Store’s commitment to supporting community-led organisations and empowering them to make every journey count.

For more information, or to explore setting up a partnership with The Fuel Store, visit https://thefuelstore.co.uk/partnerships/ 

Fuel Price Pulse – 22nd November

Robin, Customer Success Manager at The Fuel Store, shares his insights into the factors impacting fuel prices, including his predictions for fuel costs as we head into next week.

 

What determines fuel prices?

Wholesale fuel prices govern the price you pay for petrol and diesel at the pumps. Wholesale prices are influenced by a range of factors, including supply, demand, and pricing for crude oil, oil refinery production levels, the pound-to-dollar exchange rate, socio-economic and political factors that might impact production/demand, the margin (profit) taken by fuel retailers, and fuel duty and VAT charged by the Government.

 

Factors influencing fuel pricing this week

Fuel prices are currently higher than this time last week.

 

At the start of the week, oil prices were relatively steady. However, as the week went on, prices began to rise due to escalating tensions between Russia and Ukraine. 

 

On Tuesday, Ukraine used ATACMS missiles supplied by the US to strike Russian territory for the first time. Russia described this as a serious escalation by the West, with Russian President Vladimir Putin warning that the threshold for a possible nuclear strike had been lowered. 

 

By midweek, oil prices had climbed nearly 2% as the conflict intensified. Both countries launched missile attacks, raising concerns about potential disruptions to global oil supplies if the situation worsens. On Thursday, Putin announced that Russia had launched a hypersonic missile at a Ukrainian military target and issued a stark warning to the West. He threatened to target military installations in any country supplying weapons to Ukraine.

 

As the world’s second-largest oil exporter after Saudi Arabia, Russia plays a critical role in the global oil market, and any major supply disruptions could have significant impacts. These developments have shifted the market’s attention to the heightened risk of a broader escalation in the war, which could further strain global oil supplies. As a result, oil prices are expected to remain under upward pressure into next week.

 

While geopolitical tensions are pushing prices up, data from the American Petroleum Institute (API) and Energy Information Agency (EIA) showed higher-than-expected inventories, indicating that supply currently outpaces demand. However, this surplus has not calmed the market, due to speculation about further supply disruptions. Speculation is also mounting that OPEC+ may delay planned output increases when it meets on Dec. 1, adding further uncertainty to the market.

 

Next week’s fuel prices

We predict that fuel prices will rise next week, driven by the escalating war in Ukraine and concerns about potential disruptions to Russia’s energy infrastructure. The market’s attention will likely remain on OPEC+ deliberations and the unfolding geopolitical crisis. Any significant developments in these areas could amplify price volatility.

 

The information provided in this post is for information only. It does not constitute financial advice. Pricing predictions are speculative and should not be relied upon for forecasting purposes. 

Top tips for driving in the snow

Driving in snowy conditions can be challenging and dangerous if you’re unprepared.

We asked our team to share their top tips for driving in the snow – and this is what they came up with: 

Tyres: Check your tyre pressure and tread depth. In the UK, the minimum tread depth is 1.6 mm, but it’s recommended to have at least 4 mm in winter. Use winter tyres if you have them, for better traction in snow and ice.

Check your battery: Cold weather can reduce battery performance; ensure it’s fully charged.

Top-up fluids: Top up your windscreen washer fuid, and ensure oil, antifreeze, and brake fluid levels are adequate.

Clear snow and ice: It may seem obvious, but so many drivers just clear their windscreen and drive off. Remove snow from all windows, mirrors, lights, and roof before driving.

Emergency kit: Carry a kit with essentials like a blanket, torch, jump start cables, an ice scraper, shovel, and sand or kitty litter for traction.

Adjust your driving: Reduce your speed to account for lower traction on snowy or icy roads, and avoid sudden movements that could cause skidding. Don’t be tempted to use cruise control.

Increase your stopping time: Maintain a 6-8 second gap from the vehicle in front – stopping distances increase on slippery surfaces.

Use your lights: Use low-beam headlights in snowfall for better visibility, even during the day.

Know how to handle skidding: How you handle skidding can depend on the type of vehicle you’re driving – it is important to understand how to handle skidding in your specific vehicle.

Be aware of black ice: If the road looks wet but isn’t, it might be ice. Slow down without abrupt movements and be aware of areas that don’t have much sun, such as under bridges, where black ice is more likely. 

Plan: If you can, stick to major roads that are more likely to have been treated. 

Stay Alert: Look ahead to anticipate issues like stopped vehicles or icy patches. 

 

Check out our driver toolkit for a comprehensive list of everyday vehicle checks. 

 

 

These top tips were collected from our team after a wintery commute into the office. They do not replace driver training. 

Fuel Price Pulse – 15th November

Robin, Customer Success Manager at The Fuel Store, shares his insights into the factors impacting fuel prices, including his predictions for fuel costs as we head into next week.

What determines fuel prices?

The price you pay for petrol and diesel at the pumps is governed by wholesale fuel prices. Wholesale prices are influenced by a range of factors, including supply, demand and pricing for crude oil, oil refinery production levels, the pound-to-dollar exchange rate, socio-economic and political factors that might impact production/demand, the margin (profit) taken by fuel retailers, and fuel duty and VAT charged by the Government.

Factors influencing fuel pricing this week

Fuel prices have increased slightly compared to this time last week, due to a mix of political, economic, and market-driven factors.

Impact of the Trump Administration

At the beginning of the week, oil prices dipped following the announcement of policies by Trump’s new administration. Wall Street figures have described the administration as “unstable with a lot of noise,” with concerns that unpredictability may lead to market volatility. This volatility arises as traders respond to policy changes and potential geopolitical disruptions relating to the administration’s decisions.

The Trump administration has prioritised “energy dominance,” focusing on increasing domestic oil and gas production, expansion of drilling, and relaxing of regulations. These measures could lead to a boost in U.S. oil supply, which might push prices down if global demand does not rise to match the increased production. However, the administration’s actions on international relations, particularly with oil-producing nations, could have the opposite effect, creating supply uncertainties and driving prices higher.

China’s Role in Oil Markets

China, as one of the world’s largest oil consumers, plays a critical role in shaping global oil demand. Recently, China announced a $1.4 trillion economic stimulus package aimed at boosting its economy. However, many experts believe this effort may fall short of significantly increasing oil demand. Weak economic growth in China can limit industrial activity, transportation, and manufacturing—all key drivers of oil consumption.

China’s stimulus plan is important for oil markets because it sends a signal about the country’s economic trajectory. A strong recovery in China could boost global oil demand, while a sluggish response could dampen it. Markets are closely watching whether this stimulus will revive economic activity enough to lift oil consumption.

Current Market Trends

By the end of the week, oil prices experienced a modest rise. One key factor was the release of the American Petroleum Institute (API) report, which revealed a decline in U.S. crude oil stock by 770,000 barrels. Lower inventories often signal tighter supply, which can support higher prices. Traders are also anticipating the Department of Energy (DOE) report, expected to show an even larger drop in U.S. crude supply. A sharper-than-expected decline would reinforce concerns about supply shortages and could push prices further upward.

Middle East tensions

Global oil prices are also being influenced by geopolitical concerns. Recent tensions in the Middle East have raised fears about potential disruptions to oil production and supply routes, which could further strain global oil availability.

Next week’s fuel prices

Given these developments, we expect oil and fuel prices to continue their upward trend heading into next week.

In summary, while fuel prices have risen slightly this week, the market remains highly sensitive to political actions, economic policies, and supply dynamics.

 

The information provided in this post is for information only. It does not constitute financial advice. Pricing predictions are speculative and should not be relied upon for forecasting purposes. 

Fuel Price Pulse – 8th November

Robin, Customer Success Manager at The Fuel Store, shares his insights into the factors impacting fuel prices, including his predictions for fuel costs as we head into next week.

What determines fuel prices?

The price you pay for petrol and diesel at the pumps is governed by wholesale fuel prices. Wholesale prices are influenced by a range of factors, including supply, demand and pricing for crude oil, oil refinery production levels, the pound-to-dollar exchange rate, socio-economic and political factors that might impact production/demand, the margin (profit) taken by fuel retailers, and fuel duty and VAT charged by the Government.

 

Factors influencing fuel pricing this week

Prices per litre have risen slightly compared to the same time last week.

OPEC+ increase delayed

On Sunday, OPEC+ announced that it would extend its output cut of 2.2 million barrels per day (bpd) until January 2025. The increase was already delayed from October because of falling prices and weak demand.

A quick reminder of why this is important: The Organisation of the Petroleum Exporting Countries (OPEC) manages oil production in its member countries by setting production targets. With member countries responsible for about 40% of the world’s crude oil (and 60% of petroleum traded globally), crude oil prices trend to increas when OPEC production targets are reduced.

Middle East Tensions

Oil prices were further impacted by reports that Israeli intelligence suggested Iran is preparing to attack Israel from Iraqi territory.

If a full-scale war were to break out between Israel and Iran, the impact on global energy supplies and the transportation of oil through the Strait of Hormuz could be severe, resulting in significant increases in oil prices and potentially damaging the global economy.

 

The US Election

Trump’s recent election win has strengthened the U.S. dollar relative to the pound, which is adding resulting in increased oil prices in the UK. Energy markets are speculating about what Trump’s presidency means for oil and gas prices – with expectations about his policies on trade, energy production, and foreign relations adding layers of uncertainty and speculation, creating upward pressure on global oil prices.

The latest DOE reports have been released showing a larger than expected demand decrease of 1.899 million barrels per day in the US. This has caused the rise in the market to slow.

 

Next week’s fuel prices

With no additional supply from OPEC expected soon and a heightened risk of conflict in the Middle East, we anticipate that the market will continue to rise through the remainder of this week and likely into next week.

 

Businesses and drivers can reduce costs further by opting for a fuel card. In 2023, customers of The Fuel Store saved an average of 12 ppl off forecourt costs. 

Ready to find out how a fuel card can save you money? Speak to our team or explore our range of fuel cards here. 

 

 

 

The information provided in this post is for information only. It does not constitute financial advice. Pricing predictions are speculative and should not be relied upon for forecasting purposes. 

Fuel Price Pulse – 1st November

Robin, Customer Success Manager at The Fuel Store, shares his insights into the factors impacting fuel prices, including his predictions for fuel costs as we head into next week.

What determines fuel prices?

The price you pay for petrol and diesel at the pumps is governed by wholesale fuel prices. Wholesale prices are influenced by a range of factors, including supply, demand and pricing for crude oil, oil refinery production levels, the pound-to-dollar exchange rate, socio-economic and political factors that might impact production/demand, the margin (profit) taken by fuel retailers, and fuel duty and VAT charged by the Government.

Factors influencing fuel pricing this week

This week, oil and fuel prices experienced fluctuations, with underlying tensions in the Middle East and OPEC+ actions driving market volatility. 

 

At the start of the week, oil prices dipped slightly despite escalating geopolitical risks, largely due to robust global supply levels. 

 

OPEC oil production plans 

OPEC+ looks likely to delay the planned increase in oil production by a month or more, due to ongoing concerns about low demand, falling prices and rising supply. The group was scheduled to raise output by 180,000 barrels per day in December – a delay already postponed from October. This shift came amid reports that oil prices could reach $60 per barrel by early next year if geopolitical tensions continue.

 

Middle East tensions 

As the week progressed, oil prices rose as tensions spiked.

Mid-week, oil prices rose roughly 3% following news of Iranian missile strikes on Israel, an escalation that raised fears of further disruptions. Oil prices rose further today, (Friday) after reports that Iran was preparing a retaliatory strike on Israel from Iraq in the coming days. Such instability fuels concerns that a targeted strike on Iran’s oil infrastructure could impact Iranian oil production and export routes. 

Although markets remain wary, there has been little long-term impact on prices so far due to global oil inventories. 

 

Fuel duty 

In the UK, the decision to maintain the fuel duty freeze has brought a sense of stability to fuel markets, offsetting some of the concerns related to Middle East tensions. 

 

Next week’s fuel prices

We predict the market will continue to trade stably heading into next week.

Alarms continue to sound across Israel – and it’s expected that Israel will not hesitate to widen its military offensive to hit Iran directly. An Israeli attack on Iranian oil production or export facilities could cause significant disruption. 

The market is likely to stay stable over the coming weeks if OPEC increases production this winter as planned, which would counterbalance any immediate disruptions caused by escalating conflicts in the Middle East​. However, with a decision due from OPEC in the coming days, this is yet to be seen. 

There is also a possibility that the outcome of the US election will have an impact on oil prices, as Harris and Trump hold differing views on Iran and Russia, two major oil producers.

 

Businesses and drivers can reduce costs further by opting for a fuel card. In 2023, customers of The Fuel Store saved an average of 12 ppl off forecourt costs. 

Ready to find out how a fuel card can save you money? Speak to our team or explore our range of fuel cards here. 

 

 

 

The information provided in this post is for information only. It does not constitute financial advice. Pricing predictions are speculative and should not be relied upon for forecasting purposes. 

The autumn budget – fuel duty remains frozen

The autumn budget has been announced today, as Rachel Reeves announced changes to benefits, inheritance tax and national insurance. For the transport industry – or any business that relies on road transport to operate – there was a great deal of speculation about the possible impact of a rise in duty.

 

Fuel duty has been frozen at 57.95 pence per litre since 2011. The 5 pence-per litre discount has been in place since 2022, bringing it down to 52.95 pence. Despite rumours that drivers should prepare for a rise of 7 pence per litre, today’s announcement confirmed that fuel duty will be frozen for the next twelve months. The 5 pence-per-litre discount has also been extended for a year.

 

Speaking about the announcement, Robin Shek, Customer Success Manager at The Fuel Store, commented: “This is good news for our customers. Keeping the fuel duty cap in place is a significant measure aimed at stabilising costs for businesses that are heavily reliant on fuel, such as logistics, delivery services, and transport. This is critical for businesses that operate on tight margins.”

 

There have long been concerns across industry that a rise in fuel costs could be catastrophic – particularly for the haulage industry, which already operates on extremely tight margins. A cap on fuel duty helps these operators remain competitive without having to raise prices or reduce service quality.

 

Robin continued, “Businesses should be mindful that this cap could be temporary. Long-term planning for fuel alternatives and cost efficiencies will likely remain a focus for many companies in the fleet-dependent sector. However, it offers immediate relief and predictability for UK businesses that rely on fuel, allowing them to manage costs more effectively in the short term.”

 

Reeves also pledged an additional £500m for road maintenance and ongoing tax incentives to purchase electric cars. EVs will retain Benefit in Kind tax rates for company car drivers, and, while no longer exempt, they will have more favourable first-year tax rates than petrol and diesel-powered cars.

 

Robin added “The government has reiterated its goal to phase out sales of new petrol and diesel vehicles. For many businesses, especially those with large fleets, this long-term target reinforces the need to start planning for an eventual shift to EVs.”

 

Looking to reduce your fuel costs? Speak to our team, or call us on 0121 272 7780 

Fuel Price Pulse – 25th October

Robin, Customer Success Manager at The Fuel Store, shares his insights into the factors impacting fuel prices, including his predictions for fuel costs as we head into next week.

What determines fuel prices?

The price you pay for petrol and diesel at the pumps is governed by wholesale fuel prices. Wholesale prices are influenced by a range of factors, including supply, demand and pricing for crude oil, oil refinery production levels, the pound-to-dollar exchange rate, socio-economic and political factors that might impact production/demand, the margin (profit) taken by fuel retailers, and fuel duty and VAT charged by the Government.

Factors influencing fuel pricing this week

The market has been relatively steady this week, with a slight dip compared to this time last week. 

 

Early in the week, oil prices fell after news broke that Israel had killed Hamas leader Yahya Sinwar. Reports say an Israeli tank struck a building in Gaza, which held several armed men, leading to rising tensions. Meanwhile, demand concerns, especially from China, continued to weigh on oil markets.

 

However, as the week went on, oil prices began to climb. Focus turned to the Middle East after a failed drone attack on the Israeli Prime Minister’s residence. According to Israeli state broadcaster KAN, an unnamed official shared that Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant are set to decide the timing and approach for Israel’s next steps in a Security Cabinet meeting later today.

 

Investors continue to await Israel’s response to a missile attack by Iran on Oct. 1, which could involve strikes on Tehran’s oil infrastructure. The U.S. reportedly obtained leaked documents detailing Israel’s plans for retaliatory actions, with President Joe Biden indicating that he is aware of the timing and details of Israel’s planned response. Iran has warned it will react “decisively” to any such moves. 

 

Towards the end of the week, oil prices rose by over 1% as geopolitical tensions in the Middle East—a key oil-producing region—stirred market concerns. Traders are also closely watching developments in ceasefire negotiations in Gaza. Meanwhile, Israel launched strikes on Iranian targets in Damascus, Syria. 

 

Fuel duty and the autumn budget 

Looking ahead, there’s growing speculation that the government may announce an increase in fuel duty next week. For context, fuel duty is a tax charged on each litre of fuel sold, and it’s a key component of the overall price at the pump. Currently, UK fuel duty is set at a flat rate per litre, and any increase would directly impact the cost of petrol and diesel across the country.

At The Fuel Store, we’re actively monitoring the potential for this duty increase, as it could affect the costs of the services we provide to you. Our goal is to help you manage any added expenses as seamlessly as possible. We’re also exploring different strategies to mitigate the impact, including options that may reduce costs or improve efficiencies across fuel-related expenses.

If an increase does occur, we’ll work closely with you to navigate the change. Rest assured that we’re committed to keeping you well-informed as soon as new details become available. In the meantime, our team remains available to answer any questions you may have.

 

Next week’s fuel prices

Looking ahead, we expect the market to trend slightly higher into next week.

Businesses and drivers can reduce costs further by opting for a fuel card. In 2023, customers of The Fuel Store saved an average of 12 ppl off forecourt costs. 

Ready to find out how a fuel card can save you money? Speak to our team or explore our range of fuel cards here. 

 

 

 

The information provided in this post is for information only. It does not constitute financial advice. Pricing predictions are speculative and should not be relied upon for forecasting purposes.