#Petrol Diesel june

[charlesandmartine]

Sunday 17th November 2024

As we sat having breakfast in our little back garden and reading the UK news on our phones, we note all the similarities here. Midwives are threatening industrial action over pay, politicians are admitting taking freebies, trade tariffs with Trumps USA are a worry, housing shortage, 3 year waiting time for operation on public health system, banning under 16s from using social media, high inflation, moaning about paying £1/ litre for petrol/ diesel..... The list goes on.

The next stop is Cloncurry, only a couple of hours up the road, through endless outback with nothing of note on route. Except for Mary Kathleen. In the late 1950s, this was a town, an almost utopian town.

On Sunday 4 July 1954, Norm McConachy and John Walton were making their way along a dry creek when their truck broke down with a loose lead on a spark plug. McConachy is said to be the one who actually took the Geiger counter out of the truck and turned it on. As he continued walking up the dry creek bed, the instrument needle reportedly went off the scale. McConachy then called John Walton who was coaxing their broken-down vehicle back to life. The ore body was then discovered by following a 1.5 kilometre trail of radioactive boulders along the drainage system. The claim was pegged, and an application for a mining lease was lodged at the Mining Warden's office in Cloncurry

The deposit was named Mary Kathleen in honour of Norm McConachy's wife, who had died shortly before their discovery. And so it was that the very valuable commodity Uranium was discovered. The town of Mary Kathleen was constructed in just one year to serve the mining operation which commenced in October 1956 with the treatment plant commissioning in June 1958. The contract was to supply UK Atomic Energy Authority with £40M worth of Uranium Oxide. In the first five years, 4080 tonnes were produced, shipped in 44 Gallon drums to England.

The community built in Mary Kathleen comprised 1,100 families and 200 single men. The town was well equipped with an Olympic size swimming pool, schools, churches, pubs, restaurants, library, cinema, sporting club, general stores, two banks, milk bar, cafes, and hospital. They really did have a modern town, with everything they needed. Rio Tinto, their employer, charged families $8 per week for a 2 bedroomed house, free electricity, no rates, free amenities, and good pay. During the years 1956-1963, a 23 acre market garden was established to provide fresh fruit, veg, and eggs for the town. All they had to was go mine large quantities of a nasty radioactive substance like Uranium.

By 1963 the contract with the UK had been satisfied. A second phase of mining was completed between 1974 and 1982 shipping Uranium Oxide to Japan. After that, the production finished, the buildings were dismantled and sold leaving empty streets of concrete slabs, dwarf walls, tumble weed and a monument to the town's completion. Very little now remains that could demonstrate the vibrant town that once stood there, the lives that it would have represented, the vitality of human day to day existence, testimonies of happy enriched lives, or even tales tinged with sadness, gone with so little to show for it.

Once again, Mr Europcar would've slept uneasily as we followed the brown sign and uphill to the quarry along a very poor road, partially paved, partially unpaved, but together with the grandaddy of all potholes. The nuts and bolts shuddered and shook until we reached a distance of 6km and felt compassion for the Ford and completed the rest of the journey on foot. So we trudged, hatted, up the stony road a further kilometre until the vista opened and there in its glory was the long disused quarry with its pyramid stepped sides of sheer granite leading down and down to assure blue waters, lying so still far below us. The use of this place was dissolved in 1982 and has lain undisturbed, dormant, relatively unvisited ever since. Apart from 4x4 vehicles, it is unapproachable, largely unsigned, on the tourist trail, but difficult to find or access. In the time we were there 3 other 4x4s managed the distance and poor roads. But for us, the experience was well worth the effort, to see the abandoned town where the people who worked this place lived their lives and then the relic of their labours now living its eternity in peace and tranquility now the big earth/ rock movers, the dust, the dirt have now long gone, a monument that tells its own story if anyone can get to listen to it.

Completing our journey to Cloncurry was simple once we managed to find our way out of the abandoned town. In their flight, all signs back to the Barkly Highway had gone!

Happy Birthday, Karen x

ps. We went out for a little walk around the little town at around 8.30 tonight, so warm, and it's like a ghost town. All shut up for the night. These Aussies really are party animals. Worst thing is the Cloncurry Baker's. We'd heard nothing but good things about the famous Cloncurry Curry Pie. Disastrously, the appalling news stuck to the baker's window stated that due to some miscreant member of staff not showing up and letting everybody down, let alone the whole town down, the Cloncurry Bakers will remain closed!!! Bang goes my pie then.

pps. It has to be stated firmly here that this is definitely a neat, tidy, clean, and comly town of charming character. It is a complete surprise and exceeds our expectations by quite a long way. We shall do well here, I feel on our two nights.

[eaglesnick]

The greatest truth is honesty, and the greatest falsehood is dishonesty.” Abu Bakr

Rishi Sunak, whist defending his scrapping of environmental targets for net zero by 2050, stated he was extending the use of CO2 emitting petrol and diesel fuelled transport as it provided a “better future for our children”.

Rishi Sunak has also pushed back the timetable for scrapping of CO2 emitting gas boilers to “provide a better future for our children". 

And he has scrapped the policy that would have required private landlords to upgrade the energy efficiency of their rented properties to provide a " better future for our children.”

Personally, I have no idea how abandoning targets to achieve net zero carbon emissions by 2050 provides a better future for our children, but, if we are to believe Rishi Sunak, it apparently does, as on BBC’s Today programme this morning that was one of the reasons he gave for the abandonment of his governments previous net zero policies.

Rishi Sunak also said he wanted a “better more honest debate” about these issues. Couldn’t agree more Mr Sunak. Lets look at that phrase “a better future for our children”.

In June 2023 Action for Children reported there were 4,200,000 children living in poverty in the UK.

Four years earlier (2019) a report stated:

“It is truly shocking that in 21st century Britain rising numbers of children are growing up in poverty. This is having a deep and profound effect on children’s lives... Children growing up in poverty in the early years are doubly impacted; they are much more likely to struggle with their early learning and, as a result, they are at much greater risk of struggling in primary and secondary school."  (Save the Children: 27/03/2019)

Where was Sunak’s concern for “a better future for our children" then? He was at the Treasury from 2019 and since then child poverty has continued to rise.

Just before Christmas 2021, when Sunak was Chancellor, this was the headline of the Independent:

“200,000 children ‘threatened with eviction this winter’ says Shelter.” (Independent: 22.12.21)

Sunak did nothing.

And on September 20, 2023 we were told this by itvx:

“According to figures from the Shelter charity: In England one family is served with a no-fault eviction notice every eight minutes.”

This means over that 100 Families PER DAY are being evicted from their homes in the UK.

Sunak is doing nothing to prevent this. In fact, he has abandoned the proposed legislation aimed at ending “no fault evictions". So when Sunak tells us he is abandoning the UK’s net zero policies to provide a better future children”, don’t believe a word of it.

The only future Sunak cares about is his own!

[awesome-casuallyfamouscollector]

EVs are going mainstream: Opel Corsa-e and Tesla Model 3, Riga, Latvia, June 27, 2023. Photo by D.P.

P.S. Every electric car on the street reduces the political and economic influence of the Kremlin and the OPEC cartel...! Electric car owners have NO need to buy overpriced petrol, diesel or LPG anymore...

[global-research-report]

Electric Mobility Market Growth: Innovations and Opportunities in 2023 - 2030

The global electric mobility market size is expected to reach USD 325.64 billion by 2030, growing at a CAGR of 14.6% from 2023 to 2030, as per the study conducted by Grand View Research, Inc. Rise in substantial operating and maintenance cost savings is expected to significantly increase the demand for electric mobility thereby supporting the market growth. Furthermore, growing concerns about the rapidly rising carbon footprint and greenhouse gases from the transportation and automotive industries are encouraging state and country-level regulatory bodies to set up policies that promote the adoption of energy-efficient vehicles.

The rise in government investments along with stringent regulations, objectives, and policies for electric vehicle deployment, signaling OEMs and other industry stakeholders who actively participate in the industry and building confidence based on mobilizing investments and policy frameworks is fueling the growth of the electric mobility industry.

For instance, in December 2022, the Uttar Pradesh government in India targeted to invest 300 million in electric transportation. The state's UP Electric Vehicle Manufacturing and Mobility Policy 2022 aims to attract new investment and create 1 million new jobs in the sector. Meanwhile, the new strategy has attempted to address the three key issues: stimulating the manufacture of e-vehicles and their components, such as batteries, and creating a solid network of charging stations and battery swap locations.

Electric vehicles depend on electricity to replenish their batteries rather than using fossil fuels such as petrol or diesel. With the increasing number of EV battery charging stations emerging, it is now more convenient for consumers to charge their batteries at a local station rather than stand in line at a CNG station or a gas station. For instance, In May 2022, Energica Motor Company, a manufacturing company, launched a new e-bike named Energica Experia. The e-bike featured the company’s no-emission EV technology. These factors are expected to drive the electric mobility market growth over the forecast period

Some dominant players in the U.S. electric mobility industry are BMW Motorrad International; Gogoro, Inc.; Honda Motor Co. Ltd.; KTM AG; Mahindra Group; Ninebot Ltd.; Suzuki Motor Corporation; Terra Motors Corporation; Vmoto Limited ABN; Yamaha Motor Company Limited. These players focus on new product launches and partnerships & collaboration to enhance their offerings and geographic presence. For instance, In June 2022, iFood, an online food ordering and delivery platform based in Brazil, launched the EVS Work iFood electric motorcycle in collaboration with Voltz Motors, a startup manufacturer of e-scooters and e-motorcycles based in Brazil, for USD 2,099.9.

Electric Mobility Market Report Highlights

Based on product, the electric bike segment is expected to dominate the global market owing to the factors such as the expansion of cycling infrastructure in developing countries such as India and the rise of financial incentives for e-bikesales

Based on drive, the chain drive segment dominated the market with 46% of the revenue share in 2022. The growing amount of construction activities driven by rapid industrialization is driving the segment’s growth

Based on battery, the Li-ion battery segment accounted for 82% of the revenue share in 2022 owing to the benefits such as a decrease in the amount of toxic oil waste generated, the need for engine maintenance, and the pollution caused by fuel combustion engines

Based on end-use, the personal segment accounted for 76% of the revenue share in 2022. The segment’s growth can be attributed to the rising sales of electric two-wheelers as more customers choose electric transportation for both commuting and relaxation

Electric Mobility Market Segmentation

Grand View Research has segmented the global electric mobility market based on product, drive, battery, end-use, and region:

Electric Mobility Product Outlook (Revenue, USD Million, 2018 - 2030)

Electric Bikes

Electric Scooter

Electric Motorized Scooter

Electric Motorcycle

Electric Mobility Drive Type Outlook (Revenue, USD Million, 2018 - 2030)

Belt Drive

Chain Drive

Hub Drive

Electric Mobility Battery Outlook (Revenue, USD Million, 2018 - 2030)

Lead Acid Battery

Li-ion Battery

Others

Electric Mobility End-use Outlook (Revenue, USD Million, 2018 - 2030)

Personal

Commercial

Electric Mobility Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Europe

UK

Germany

France

Asia Pacific

China

Japan

India

Latin America

Brazil

Mexico

Middle East & Africa

Order a free sample PDF of the Electric Mobility Market Intelligence Study, published by Grand View Research.

[fireflyiceland]

Money-Saving Tips for Car Rentals in Iceland

Timing Your Rental Right

June and August are this place’s peak travel seasons, so the rates go sky-high. If your visit is to be during off-peak seasons, usually April-May or September to October, your rental budget can easily be reduced by at least 30%. Economy car rental in Iceland became quite affordable during those periods. Moreover, one will need more competition against the available vehicles.

Location Matters

It depends on where you collect your hire car and can vary enormously in the final cost. Car rental in Iceland Keflavik is incredibly convenient, picking you right off your flight, but will typically charge you top money to do so. Take the shuttle into Reykjavik and collect your car hire there instead. This can save you a fair sum of cash that may cover several nights of accommodation.

Insurance Considerations

The weather in this place might be a bit unpredictable so you would need insurance coverage, not an option. You’re not required to take any package from the rental firm at an outrageous fee. Check if your credit card covers car rentals picked up at the airport. Many cards include collision damage waiver protection, saving you $20–30 a day.

Vehicle Selection Strategy

A common mistake tourists make is renting a larger vehicle than necessary. While 4x4s look exciting, a compact car works perfectly fine for Ring Road adventures during summer months. Most vehicle rental Iceland companies offer fuel-efficient small cars that can handle paved roads well while cutting fuel costs significantly.

Fuel Economy Tips

Petrol prices at this place rank among Europe’s highest. Plan your routes and fill up in larger towns where prices tend to be lower. Many rental companies offer diesel vehicles, which typically use 30% less fuel than their petrol counterparts. The savings add up quickly on long road trips.

Hidden Cost Prevention

Read the rental agreement carefully before signing. Some companies charge extra for additional drivers, GPS units, or child seats. Bring your GPS device or download offline maps. Pack your child’s car seat if the airline allows it to be accessible. These small decisions can save you $100 or more over a week-long rental.

Smart Booking Tactics

Book your rental car at least three months ahead for the best rates. Prices typically rise closer to the rental date, especially during peak season. Many companies offer early bird discounts of up to 15%. Compare prices across multiple rental agencies, but remember that the cheapest option is sometimes the best value.

Documentation Preparation

Having all necessary documents ready prevents costly delays and potential issues. This includes a valid driver’s license, credit card, and proof of insurance. Some Car rentals at Iceland Airport companies offer discounts for presenting certain memberships, such as AAA or airline loyalty programs.

Additional Money-Saving Strategies

Plan your arrival and departure times carefully to keep your rental period efficient. Most companies charge for 24-hour periods, so picking up a car at 10 AM and returning it at 2 PM counts as two days. Adjust your schedule to avoid these extra charges.

Conclusion

Savvy travelers know that saving money on car rentals doesn’t mean compromising quality or safety. By planning, choosing the right vehicle, and avoiding unnecessary extras, you can explore Iceland’s magnificent landscapes without breaking the bank. Remember to compare different rental options, read reviews, and book early to secure the best deals for your Icelandic adventure.

[head-post]

UK car production falls 7.6% in first half of 2024

New data has revealed a 7.6 per cent fall in UK car production in the first half of the year.

The Society of Motor Manufacturers and Traders (SMMT), which published the data, said the decline was “expected” as carmakers rebuild their lines to produce electric models. Factories produced 416,074 new cars between January and June, 34,094 fewer than the same period in 2023.

The fall in electric car production reflects the overall trend and stands at 7.6 per cent. 106,157 cars were produced for the UK market, up 17.7 per cent on last year, but for overseas buyers production fell 13.9 per cent to 309,917 units.

SMMT chief executive Mike Hawes commented:

“The UK auto industry is moving at pace to build the next generation of electric vehicles a transition that can be a growth engine for the entire British economy. The new Government’s commitments to gigafactories, a decarbonised energy supply and a faster planning system will help boost our competitiveness and sustain employment in a sector that delivers well-paid, skilled jobs nationwide.”

He also added:

“Amid fierce global competition, however, industry and Government must work quickly to deliver those commitments, creating an industrial strategy that enables the growth the economy craves.”

Mr. Hawes explained that the industry had started the year with “a degree of optimism” due to investments in manufacturing totalling £24million made last year.

He added that the transition from the production of petrol and diesel cars to electric models “has always been complex and volatile,” noting that the overall 7.6% decline was due to “significant model changes” by companies such as Mini, Nissan and Jaguar Land Rover.

The European Union remains the largest recipient of car exports, accounting for 55.4 per cent. The United States, China, Turkey and Australia made up the remaining top five export destinations, accounting for 29.4 per cent of all overseas orders.

Japan, Canada, South Korea, South Korea, the United Arab Emirates and Switzerland rounded out the top ten. According to the latest independent forecast, total production this year will be around 910,000 units, down 9.3 per cent from 2023.

Read more HERE

[companyknowledgenews]

Our Diesel 80% better than imported ones, Dangote defends product quality - Journal Important Internet https://www.merchant-business.com/our-diesel-80-better-than-imported-ones-dangote-defends-product-quality/?feed_id=138158&_unique_id=669c8b4aef9a9 #GLOBAL - BLOGGER BLOGGER Dangote Industries Limited (DIL) has condemned an online report criticizing the quality of its products, adding that its refined diesel is 80% superior to those currently imported into Nigeria.In a statement released by the company’s spokesperson, Anthony Chiejina, on Friday, Dangote Industries Limited called reports of producing high-sulfur diesel “mischievous and aimed at tarnishing our reputation.”Recall that reports circulating online, made by NMDPRA CEO Farouk Ahmed, claim that local refineries, including the Dangote refinery, are producing inferior products compared to imports.Reacting to this report, Dangote said the allegation was false, baseless, and mischievous.The spokesperson said the refinery is designed to produce top-quality petroleum products that meet strict international standards.“The false and misleading allegations made by some media outlets that the Dangote Refinery is producing substandard diesel which is why it reduced the price by 37%, is baseless and mischievous.“Until late last year, diesel imports into Nigeria were up to 7,000 parts per million (ppm) of Sulphur which has been going on for many years. Our diesel is produced currently at significantly lower levels of Sulphur; as such, we find baseless the allegation that the reason for the reduction is linked to quality. What we are producing is 80% of what is being imported into the country.“Another inaccurate assertion is that Medium Level Sulphur diesel is meant for off-road use. This is a completely false statement as this would have invariably meant that all the imports for the last 20 years have been damaging equipment.“Thirdly, diesel imports for the high Sulphur grade have been at significantly higher prices until we started operation. If indeed high Sulphur diesel is sold at lower prices how come we never saw the lower prices until now?” the spokesperson said.Chiejina affirmed that the real reason behind the Dangote diesel price reduction was principally due to the patriotism of the management to the nation as well as prevailing market dynamics of supply and demand.What you should knowIn June, the management of Dangote Refinery accused NMDPRA of aiding the importation of “dirty” diesel and jet fuel into the country.The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, said the indiscriminate licensing from the regulator made it possible for there to be inferior products in Nigeria.According to Edwin, despite Dangote’s effort to meet ECOWAS standards, the authority gives licenses to traders to import high-sulfur petrol from Russia into the country.He explained that since the US and UK have issued a cap on Russia’s petroleum products, these products are now dumped in Nigeria’s market by various traders.In addition, the leadership of the mega refinery also accused International Oil Companies (IOCS) of price manipulation, aimed at undermining and sabotaging the refinery in the market.NAIRAMETRICSSend Us News, Gist, more… to [email protected] |Twitter: @CitypeopleMagzRelated“Dangote Industries Limited (DIL) has condemned an online report criticizing the quality of its products, adding that its refined diesel is 80% superior to those currently imported into Nigeria. In……”Source Link: https://www.citypeopleonline.com/our-diesel-80-better-than-imported-ones-dangote-defends-product-quality/?utm_source=rss&utm_medium=rss&utm_campaign=our-diesel-80-better-than-imported-ones-dangote-defends-product-quality http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/07/pexels-photo-4913527.jpeg Dangote Industries Limited (DIL) has condemned an online report criticizing the quality of its products, adding that its refined diesel is 80% superior to those currently imported into Nigeria.

In a statement released by the company’s spokesperson, Anthony Chiejina, on Friday, Dangote Industries Limited called reports of producing high-sulfur diesel “mischievous and aimed at tarnishing … Read More

[onlinecompanynews]

Our Diesel 80% better than imported ones, Dangote defends product quality - Journal Important Internet https://www.merchant-business.com/our-diesel-80-better-than-imported-ones-dangote-defends-product-quality/?feed_id=138154&_unique_id=669c8a2a6e7e3 Dangote Industries Limited (DIL) ha... BLOGGER - #GLOBAL Dangote Industries Limited (DIL) has condemned an online report criticizing the quality of its products, adding that its refined diesel is 80% superior to those currently imported into Nigeria.In a statement released by the company’s spokesperson, Anthony Chiejina, on Friday, Dangote Industries Limited called reports of producing high-sulfur diesel “mischievous and aimed at tarnishing our reputation.”Recall that reports circulating online, made by NMDPRA CEO Farouk Ahmed, claim that local refineries, including the Dangote refinery, are producing inferior products compared to imports.Reacting to this report, Dangote said the allegation was false, baseless, and mischievous.The spokesperson said the refinery is designed to produce top-quality petroleum products that meet strict international standards.“The false and misleading allegations made by some media outlets that the Dangote Refinery is producing substandard diesel which is why it reduced the price by 37%, is baseless and mischievous.“Until late last year, diesel imports into Nigeria were up to 7,000 parts per million (ppm) of Sulphur which has been going on for many years. Our diesel is produced currently at significantly lower levels of Sulphur; as such, we find baseless the allegation that the reason for the reduction is linked to quality. What we are producing is 80% of what is being imported into the country.“Another inaccurate assertion is that Medium Level Sulphur diesel is meant for off-road use. This is a completely false statement as this would have invariably meant that all the imports for the last 20 years have been damaging equipment.“Thirdly, diesel imports for the high Sulphur grade have been at significantly higher prices until we started operation. If indeed high Sulphur diesel is sold at lower prices how come we never saw the lower prices until now?” the spokesperson said.Chiejina affirmed that the real reason behind the Dangote diesel price reduction was principally due to the patriotism of the management to the nation as well as prevailing market dynamics of supply and demand.What you should knowIn June, the management of Dangote Refinery accused NMDPRA of aiding the importation of “dirty” diesel and jet fuel into the country.The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, said the indiscriminate licensing from the regulator made it possible for there to be inferior products in Nigeria.According to Edwin, despite Dangote’s effort to meet ECOWAS standards, the authority gives licenses to traders to import high-sulfur petrol from Russia into the country.He explained that since the US and UK have issued a cap on Russia’s petroleum products, these products are now dumped in Nigeria’s market by various traders.In addition, the leadership of the mega refinery also accused International Oil Companies (IOCS) of price manipulation, aimed at undermining and sabotaging the refinery in the market.NAIRAMETRICSSend Us News, Gist, more… to [email protected] |Twitter: @CitypeopleMagzRelated“Dangote Industries Limited (DIL) has condemned an online report criticizing the quality of its products, adding that its refined diesel is 80% superior to those currently imported into Nigeria. In……”Source Link: https://www.citypeopleonline.com/our-diesel-80-better-than-imported-ones-dangote-defends-product-quality/?utm_source=rss&utm_medium=rss&utm_campaign=our-diesel-80-better-than-imported-ones-dangote-defends-product-quality http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/07/pexels-photo-4913527.jpeg #GLOBAL - BLOGGER Dangote Industries Limited (DIL) has condemned an online report criticizing the quality of its products, adding that its refined diesel is 80% superior to those currently imported into Nigeria.

In a statement released by the company’s spokesperson, Anthony Chiejina, on Friday, Dangote Industries Limited called reports of producing high-sulfur diesel “mischievous and aimed at tarnishing … Read More

[smartcompanynewsweb]

Our Diesel 80% better than imported ones, Dangote defends product quality - Journal Important Internet - #GLOBAL https://www.merchant-business.com/our-diesel-80-better-than-imported-ones-dangote-defends-product-quality/?feed_id=138151&_unique_id=669c8a278bdfb Dangote Industries Limited (DIL) has condemned an online report criticizing the quality of its products, adding that its refined diesel is 80% superior to those currently imported into Nigeria.In a statement released by the company’s spokesperson, Anthony Chiejina, on Friday, Dangote Industries Limited called reports of producing high-sulfur diesel “mischievous and aimed at tarnishing our reputation.”Recall that reports circulating online, made by NMDPRA CEO Farouk Ahmed, claim that local refineries, including the Dangote refinery, are producing inferior products compared to imports.Reacting to this report, Dangote said the allegation was false, baseless, and mischievous.The spokesperson said the refinery is designed to produce top-quality petroleum products that meet strict international standards.“The false and misleading allegations made by some media outlets that the Dangote Refinery is producing substandard diesel which is why it reduced the price by 37%, is baseless and mischievous.“Until late last year, diesel imports into Nigeria were up to 7,000 parts per million (ppm) of Sulphur which has been going on for many years. Our diesel is produced currently at significantly lower levels of Sulphur; as such, we find baseless the allegation that the reason for the reduction is linked to quality. What we are producing is 80% of what is being imported into the country.“Another inaccurate assertion is that Medium Level Sulphur diesel is meant for off-road use. This is a completely false statement as this would have invariably meant that all the imports for the last 20 years have been damaging equipment.“Thirdly, diesel imports for the high Sulphur grade have been at significantly higher prices until we started operation. If indeed high Sulphur diesel is sold at lower prices how come we never saw the lower prices until now?” the spokesperson said.Chiejina affirmed that the real reason behind the Dangote diesel price reduction was principally due to the patriotism of the management to the nation as well as prevailing market dynamics of supply and demand.What you should knowIn June, the management of Dangote Refinery accused NMDPRA of aiding the importation of “dirty” diesel and jet fuel into the country.The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, said the indiscriminate licensing from the regulator made it possible for there to be inferior products in Nigeria.According to Edwin, despite Dangote’s effort to meet ECOWAS standards, the authority gives licenses to traders to import high-sulfur petrol from Russia into the country.He explained that since the US and UK have issued a cap on Russia’s petroleum products, these products are now dumped in Nigeria’s market by various traders.In addition, the leadership of the mega refinery also accused International Oil Companies (IOCS) of price manipulation, aimed at undermining and sabotaging the refinery in the market.NAIRAMETRICSSend Us News, Gist, more… to [email protected] |Twitter: @CitypeopleMagzRelated“Dangote Industries Limited (DIL) has condemned an online report criticizing the quality of its products, adding that its refined diesel is 80% superior to those currently imported into Nigeria. In……”Source Link: https://www.citypeopleonline.com/our-diesel-80-better-than-imported-ones-dangote-defends-product-quality/?utm_source=rss&utm_medium=rss&utm_campaign=our-diesel-80-better-than-imported-ones-dangote-defends-product-quality http://109.70.148.72/~merchant29/6network/wp-content/uploads/2024/07/pexels-photo-4913527.jpeg BLOGGER - #GLOBAL

[influencermagazineuk]

UK Car Sales Hit Milestone: Over 1 million Sold in First Half of 2024

The first half of 2024 noticed over 1,000,000 new vehicles bought in the UK, marking a recovery from the COVID-19 pandemic. Sales rose by using 6% in comparison to remaining years, with electric cars making up 19% of June's sales. However, this growth changed into in particular because of enterprise and fleet shoppers, as personal sales continued to say no. For the primary time for the reason that COVID-19 pandemic, carmakers have sold more than one million automobiles within the UK during the first half of the yr. This marks a tremendous restoration for the enterprise, which has faced many demanding situations in current years.According to the Society of Motor Manufacturers and Traders (SMMT), car sales inside the first six months of 2024 improved by means of 6%, attaining just over 1 million, in comparison to 949,000 inside the equal length final 12 months. The percentage of electric automobiles hit 19% in June, the highest these 12 months.Mike Hawes, the chief executive of the SMMT, recommended that the enterprise would possibly sell approximately 2 million cars over the whole yr. While this will be the first time achieving that quantity given that 2019, Hawes referred to that it'd nevertheless be “a piece below par.” Nevertheless, this recuperation is a alleviation for the industry after numerous hard years.Despite this positive fashion, the increase in car sales is particularly because of enterprise and fleet customers instead of personal shoppers. Hawes defined on BBC Radio four’s Today programme that most human beings purchase cars with a few forms of finance, and with high inflation and interest fees, the value of buying a vehicle has emerge as extra high-priced. As a end result, sales to personal buyers have fallen for the 9th consecutive month, down 12% in the first half of 2024 in comparison to 2023. Annual car income within the UK peaked in 2016 at a file 2.69 million. After that, they fell for 3 years however remained above 2 million until the pandemic hit in 2020. The pandemic forced factories to pause production and averted humans from journeying showrooms for months, main to a tremendous drop in income. This was accompanied by using years of deliver-chain issues.In 2023, automobile sales picked up to 1.9 million, even though this becomes nevertheless the weakest 12 months given that before the worldwide financial disaster of 2008, apart from the pandemic years.The upward thrust of electric vehicles has introduced complexity to the enterprise. Car producers at the moment are required to promote more 0-emissions cars to avoid steep fines. However, European manufacturers have struggled to locate shoppers for his or her electric vehicles, which are frequently priced better than petrol or diesel cars because of the value of batteries. Last week, Stellantis, the owner of Vauxhall, Peugeot, and Fiat, threatened to shut its UK factories because of the 0-emission car (ZEV) mandate. The marketplace share of pure battery electric new automobiles remained constant inside the first half of 2024 compared to ultimate year, at sixteen.6%, up slightly from sixteen.1% within the first half of 2023.Hawes referred to that the call for electric motors has plateaued. “When these automobiles have been first in the marketplace, there has been high call for from early adopters,” he said. “We want to move from the early-adopter section to the mass marketplace, in order to not be an easy transition.”By the end of May 2024, carmakers had sold 827,000 cars, a 7% growth from 2023. This growth, driven primarily by using commercial enterprise and fleet sales, alerts a sluggish however consistent recuperation for the United Kingdom car industry. Read the full article

[drive360]

HYUNDAI ALCAZAR OFFERS DISCOUNTS UP TO RS 70,000 THIS MONTH.

This June, Hyundai is offering attractive benefits across almost its entire lineup. These benefits come in various forms, including cash discounts, exchange bonuses, corporate bonuses, and scrapping bonuses. Notably, the only models excluded from these offers are the Creta, Creta N Line, and i20 N Line. Below, we delve into the specifics of the discounts available, with a particular focus on the Hyundai Alcazar.

HYUNDAI ALCAZAR

The Hyundai Alcazar, a three-row SUV based on the Creta, is available with benefits of up to Rs 70,000 this month. This substantial discount applies to both petrol and diesel variants of the vehicle. As a rival to models such as the Tata Safari and MG Hector Plus, the Alcazar stands out in its segment with several notable features.

The Alcazar comes in six-seater and seven-seater configurations, providing flexibility depending on the buyer’s needs. It offers a choice between two powertrains. The first is a 160hp, 1.5-litre turbo-petrol engine, which is available with both manual and dual-clutch automatic transmission options. The second option is a 116hp, 1.5-litre diesel engine, which can be paired with either a manual transmission or a torque converter automatic.

Hyundai has designed the Alcazar to be a comfortable and easygoing SUV, ideal for family use. It boasts a long list of equipment, ensuring that passengers have a pleasant and convenient driving experience. However, one drawback is that the third-row seating can be quite cramped, which might be a consideration for larger families or those who frequently carry many passengers.

for more information - https://drive360.in/news/hyundai-alcazar-offers-discounts-up-to-price-this-month

[beardedmrbean]

It is being called a “greenlash”.

Resistance to green policies has broken out across Europe. It was all so different in the last European elections five years ago, when young voters especially demanded action against climate change.

Soaring energy prices because of Russia’s war in Ukraine and the wider cost of living crisis have turned many Europeans against abandoning fossil fuels. And farmers across Europe have blocked roads in anger at environmental reforms.

It could spell trouble for the EU's Green parties at the polls from 6-9 June.

The parties that make up the Greens/European Free Alliance (G/EFA) are currently the fourth-biggest group in the European Parliament, but most polls suggest they could lose as much as 30% of their seats.

“If the two right-wing groupings end up ahead of us and become part of the process of forming a majority, they will block large parts of parliament,” warns the Greens’ lead candidate Terry Reintke.

That kind of result could have a major impact on how the EU implements some of its Green Deal for the European economy, which is part of the Climate Law that aims to make Europe carbon-neutral by 2050.

Part of the deal has already been passed in a package of measures to reduce net greenhouse gas emissions by 55% of 1990 levels by 2030. The laws include a controversial clause that bans the sale of petrol and diesel cars in the EU by 2035.

But most of the policies that decide how the EU achieves its goals for 2040 still have to be agreed in the coming years. Additionally, if there’s enough political pressure, even directives that have already been approved can be changed.

And parties on the right and far right across the continent have responded fast to public discontent, weighing up expensive decarbonisation processes and investments in green transition against the cost of living crisis.

In Italy, far-right League leader Matteo Salvini has long complained that the 2035 ban on diesel and petrol car sales is both anti-European and a "gift" to the Chinese electric car industry - and he has made it a key part of his agenda.

Hungary’s Viktor Orban may have no problem with China providing billions of euros of green investment in his own country, but he has been quick to back farmers protesting in Brussels and to accuse other European leaders of not taking ordinary people seriously.

Germany's coalition government nearly fell apart because of a backlash over its plans to ban new oil and gas heating systems from 2024. The policy was watered down as voters reacted angrily to the idea of having to ditch their boilers. The far-right AfD complained of an “eco-dictatorship” and is challenging for second place in the polls.

In the Netherlands, government plans to reduce nitrogen oxide emissions outraged farmers and led to a surge in support for the Farmer-Citizens Movement (BBB), who are now set to be part of the new government. The coalition, which includes Anti-Islam populist Geert Wilders’ Freedom Party, plans to row back on a number of green policies, including subsidies for electric cars and solar panels.

Sweden was long seen as spearheading Europe’s fight against climate change. But the government, which relies on the support of the far-right Sweden Democrats, was criticised by the Swedish climate policy council for losing pace and putting through policies that meant emissions would rise.

In Spain, one of the countries in Europe most affected by the effects of climate change, the far-right Vox party denies climate change is man-made and wants to roll back most recent green policies.

Hannah Neumann, a German MEP from the Alliance 90/The Greens, says the narrative that has emerged from the radical right - that the choice is to “either protect the climate or be competitive with our economy” - is plain wrong.

“It is not ‘either/or’ it is clearly an ‘and’,” she told the BBC.

“Everyone is moving toward net zero, not just us,” with both the US and China heavily investing in preparing their economies for green transition, she says. If the EU slows down, Ms Neumann fears it will fall behind and no longer be competitive.

However, centre-right parties also take issue with the speed and cost of green transition.

The biggest grouping in the European Parliament, the conservative European People's Party’s (EPP) has long been unhappy with the EU’s ban on petrol and diesel cars from 2035. It is a controversial part of the EU’s Green Deal, and not just with parties on the right.

Farmers’ protests have also led to Green Deal policies being reversed. Earlier this year European Commission President Ursula von der Leyen announced plans to scrap a proposal halving pesticide use across the EU.

Europe’s centre-right parties understand the urgency and importance of climate issues just as the Greens do, says Jessica Polfjärd, an MEP from Sweden's Moderate Party. But she says doing so responsibly and realistically are key, as is finding the right balance.

“Green policies from green parties didn’t work in reality. They wanted higher targets, they were too ambitious,” she told the BBC.

They had not given industry the right tools for the transition, she argues: industries need the chance to catch up and the impact of measures has to be assessed first.

Despite the backlash, climate change remains at the forefront of European voters' minds.

In last month's EU Eurobarometer survey on European attitudes on the environment, 78% of respondents said environmental issues had a direct effect on their daily life and 84% agreed EU environmental legislation was necessary for protecting the environment in their country.

However, a smaller majority of 58% wanted the use of renewable energy sources and moving to a greener economy speeded up, according to another recent Eurobarometer survey.

But cost of living issues have played a far bigger part in campaigning ahead of this week’s vote - and it looks likely that over the coming days the European Greens will lose much of the ground they gained five years ago.

[your-dubai-guide]

UAE Diesel and Petrol Prices Announced to be Implemented from 1st June 2024

The UAE has announced the latest adjustments to diesel and petrol prices, set to take effect from 1st June 2024. These changes are part of the country's ongoing efforts to align fuel prices with global market trends and ensure a balanced economic approach.

New Fuel Prices for June 2024

Effective from 1st June 2024, the prices for diesel and petrol in the UAE will be adjusted as follows:

Super 98 Petrol: AED 3.14  per litre

Special 95 Petrol: AED 3.02 per litre

E-Plus 91 Petrol: AED 2.95 per litre

Diesel: AED 2.88 per litre

These prices reflect the government's commitment to maintaining a stable and sustainable fuel pricing structure, taking into account global oil price fluctuations and local economic conditions.

Impact on Consumers

The updated fuel prices will have a direct impact on various sectors, from transportation to logistics, and will also influence individual consumers' spending. Here’s a breakdown of what these changes mean:

1. Transportation and Logistics

The transportation and logistics industries are especially vulnerable to fluctuations in gasoline prices. Operating expenses can be greatly impacted by changes in gasoline prices. It is advised that businesses in these sectors reevaluate their spending plans and maximize fuel efficiency in order to control expenses.

2. Daily Commuters

The new fuel prices require daily commuters to make a small adjustment to their monthly fuel expenditure budget. To lessen the effects of rising fuel prices, now is an excellent time to look into carpooling or fuel-efficient driving techniques.

3. Retail and Goods Delivery

Delivery expenses may go up for retail companies that depend on delivery services. The cost of things may increase as a result of this. To keep expenses under control, businesses are recommended to plan appropriately and seek methods to increase delivery efficiency.

Government’s Role and Global Market Trends

In reaction to developments in the domestic economy and the global oil market, the UAE government periodically examines and modifies fuel prices. This dynamic pricing approach supports the stability of the UAE's economy while ensuring that fuel costs stay competitive.

Global Oil Market Influence

Demand fluctuations, supply chain interruptions, and a variety of geopolitical variables have all contributed to the volatility of global oil prices. Fuel supplies are guaranteed due to the UAE's practice of coordinating local pricing with worldwide trends, which contributes to market stabilization.

Sustainable Energy Initiatives

The United Arab Emirates keeps investing in sustainable energy alternatives in addition to adjusting prices. The nation is making a concerted effort to minimize its environmental effect and lessen its reliance on fossil fuels by encouraging the use of energy-efficient technologies and renewable energy sources. 

Tips for Consumers to Manage Fuel Costs

With the new fuel prices coming into effect, here are some practical tips for consumers to manage their fuel expenses:

Drive Efficiently:

Maintain a steady speed.

Avoid sudden accelerations and braking.

Ensure your vehicle is well-maintained for optimal performance.

Plan Your Trips:

Combine errands into a single trip to reduce driving distance.

Use navigation apps to find the shortest and most efficient routes.

Carpool:

Share rides with colleagues or friends to split fuel costs and reduce individual expenses.

Consider Fuel-Efficient Vehicles:

If you’re in the market for a new car, consider fuel-efficient models or hybrid vehicles to save on fuel costs in the long run.

Conclusion

With effect from June 1, 2024, the prices of gasoline and diesel have been adjusted to reflect the UAE's ability to respond to developments in the world economy. Businesses and people alike can successfully navigate these changes by implementing fuel-saving measures and remaining informed. The long-term picture for energy costs and environmental effect is still favorable as long as the nation keeps investing in sustainable energy.

Follow along for additional information and analysis on gasoline costs and how they affect the economy of the United Arab Emirates. Visit the official statement made by the UAE fuel authorities for more information about the new prices in full. 

[naseemmohammedabdullah]

He looks like Swami SwayamBoghAanandha in this photo! It doesn't seem to bother him that 702 farmers lost their lives during protests against the Bharatiya Janata Party's three black farm laws! Or that India is in debt to the tune of Rs.205 lakh crores!

Had he believed,'Health is Wealth' he wouldn't have allocated less than 2% Union Budget for the healthcare sector!

If any god sent him to serve a purpose, it's Lord Shiva, the Hindu God of Destruction! He had prayed on land and underwater! He should try jumping off a helicopter and praying in the air!

Granted! He's got the moves! He did dodge a cloak hanger!

He thinks we don't know that he'll increase the prices of petrol, diesel and Liquefied Petroleum Gas to above pre-election levels as soon as the last phase of the general elections is over!

When the results of India's general elections are announced on June 4th, India's minorities, Scheduled Castes and Scheduled Tribes will heave a mighty sigh of relief as he and his cronies become unemployed like the crores of unemployed Indians they created!

Director of,'Gandhi' Richard Attenborough called! He wants India's soon-to-be former prime minister to join him IMMEDIATELY!

I would like to thank all those who #VoteAgainstBharatiyaJanataParty

[bu1410]

Good afternoon TUMBLR - March 16th - 2024

''Mr. Plant has owed me a shoe since July 5, 1971."

TRECATE Italy - Jul 1995 – June 1996 -

In June 1995 I received a call from the ''old whaler'' Mr. Stroppa - I gave him this nickname because he was an old-fashioned gentleman, one of those who always wants to screw you, but they do it with style.

I had worked for Foster Wheeler in the Antwerp rafiney 6 years earlier, to be honest with little satisfaction. American Company, they applied to the letter some guidelines typical of Yankees Capitalism: for example, Top Management is enticed with high salaries and numerous fringe benefits (upon achieving the results set by the Company). The rest of the employees are literally treated as ''number'' (not to say worse).

So I reluctantly accepted the position of Civil Works Superintendent at SARPOM-EXXON refinery in Trecate, Novara. The project was financed by the laws on ''green'' petrol and diesel'' essentially reducing or removing the most polluting component of fuels.

I therefore began to go back and forth every day from home to Trecate, which filled me with ''happiness'': in the morning I managed to escape the queue on the Milan's ring road by leaving home before 7.00 am - in the evening there was no way to avoid the bottling at the Quarto Oggiaro junction. I tried all the variants - via Bollate/Novate, exiting the ring road first: all in vain, once we arrived near Quarto Oggiaro, it took at least 2 hours to travel the remaining 15 kilometers to get home (if in the meantime there hadn't been a accident……).

The work inside the refinery was quite well organised, but subject to an endless series of safety procedures - all the employees circulated on their assigned bicycle, equipped with a basket on the front and back, it was like 'I'm going to the supermarket to do shopping''. H2S course, firefighting courses, courses and drills to practice in the event of an accident.

FIRST ACCIDENT One day one of our carpenters who was working on the new Electrical Substation bldg. took a splinter in his eye. As per refinery procedure, since the prognosis was more than 2 days, an investigation was opened by the EXXON Superintendent Who was managing the works.

The accident's possible direct and indirect causes were ascertained, the possible remedies to implement so that the accident would not happen again were taken in consideration. Among the possible causes was included that in the tank area, adjacent but at least 200 meters away from the Substation bldg. some workers were doing sandblasting activities . A week later, the refinery's HSE department organized a video-linked meeting with various EXXON refineries around the world (including the one in Singapore) to inform ''the entire globe'' about the fact that a Calabrian carpenter had a splinter in one eye at the Trecate refinery.

SECOND ACCIDENT

Only a fortnight passed after the splinter incident, when something much more serious happened among our staff. We essentially had two iTALIAN Southern families who worked for us: one of these cut, worked and installed the steel work - the other family was made up of wooden carpenters, and were manifactoring and installating the formworks. The two families got along well, but one day one of them had the bed idea of resolving a small dispute with a member of the other family by giving him a hammer on the head.

Luckily, the use of helmets was mandatory inside the refinery. But the damage to the victim's head was in any case extensive: state of confusion, face flooded with blood with which the guy presented himself at our infirmary worried the doctor quite a bit. Mr. Brambilla – Foster Wheeler Site manager – called the EXXON Superindent (Btw a young engineer whose stuttering increased considerably any given critical situations).

EXXON Superintendent immediately declared that there would be no ''accident report'' and that it was necessary to ensure that everything was resolved without anyone of rafinery Management finding about what had happened. Taking advantage of an opening that was made in the fence of the plant right next to our offices (long criticized by the EXXON Superintendent himself), the injured guy was taken out onto the car park without letting him passinng through the main gate. A car was ready to take him to Galliate hospital ER where someone declared that the head injury had occurred after an accidental fall down the stairs of the guy's house.

TRUCK DRIVER SMOKING

The Sarpom refinery in Trecate is an old and therefore very dangerous plant. The HSE Superindent was right to have waged a real personal battle against anyone working inside the plant. That's in order to guarantee everyone's safety. One day we were at the smoking hut (A dedicated area inside refinery where it is allowed to smoke in complete safety) when a trailer carrying reinforcing iron bars stopped right near the foundations excavation. A convenient position for material unloading, directly from the truck to the place where the iron was to be installed. The truck driver got out of the trailer, he was wearing flip-flops and was without a helmet but, just to add horror to horror, what is he doing? LIGHT A CIGARETTE! A few steps away from the diesel distillation column (where among other things leaks often occurred, and a rain of diesel fell abudantly).

The HSE EXXON Superintenfdent - standing next to us in the smoking area - couldn't believe his eyes! He spit out the cigarette he had just lit, got on his bicycle and launched himself into a crazy sprint like he was a new Armstrong! When he arrived near the crazy truck driver, he jumped off his bike and dived at him with a Yankees football tackle!! All while shouting like a maniac, with the truck driver turning his head wildly, wondering what was happening.

Well friends, a scene I've never seen before: not even in Bud Spencer or Buster Keaton's movies! The two ended up on the slope almost 3 meters deep, where the bicycle ride had already ended, causing various abrasions! They were treated at the refinery infirmary. After this episode, we received many shipments of rebar, but we never saw the same driver again.

MILEAGE REIMBURSEMENT

Just to show the unfairness with which Foster Wheeler was treating its low-ranking employees, here is a shining example.

We received a paltry mileage reimbursement for the use of our vehicles to get to work. We were talking about 315 Lire/km if I remember correctly. To get to the refinery we had two options: exit the Milan – Turin motorway at Boffalora Ticino, or continue to the Romentino toll booth and then head back for a few kilometers towards the Trecate petrochemical center. All of us who worked at SARPOM chose the second option, especially in winter the risk of driving in fog on a narrow road was too high, and we preferred to travel a few more kilometers but in safety. Therefore, approximately 52 kilometers were noted in the expense report, instead of the 43 kilometers of the ''straight shorter route''. Several months passed and one day a diligent employee of FOSTER WHEELER Head office ''discovered'' that all the employees, around twenty - HORROR - had received 315x9x2=1,060 Lire (5 euro) per day more than they should get!!! We all immediately received an official letter in which we were informed that ''given the excess recorded in mileage reimbursements in the months of July, August, September, October, it will be deducted from your next salary''.

END OF CONTRACT

The end of the contract I had signed with Foster Wheeler was approaching. Mr. Brambilla had summoned me to his office, with the aim to show the ''great opportunity'' I had in front : 4 years of work in the refinery thanks to the so called ''Co-generation program project''. I took my time, given that in the same days I had been contacted by SAIPEM and had an appointment in San Donato Head office, to discuss a possible hiring. The experience with Foster Wheeler did not satisfy me, and I was inclined not to renew my contract with them. In the end, after seeing the SAIPEM HR Manager Mr. Sargenti, I decided to terminate the contract with Foster Wheeler one week before its natural expiration. This cost me 913,000 lire (450 euro) in withholdings from Foster Wheeler who made use of one of those clauses written in Lilliputian characters on the work contracts.

[olko71]

New Post has been published on All about business online

New Post has been published on https://yaroreviews.info/2023/12/petrol-prices-fall-to-lowest-level-in-two-years

Petrol prices fall to lowest level in two years

Getty Images

By Michael Race

Business reporter, BBC News

Petrol prices have fallen to lowest level at the pumps on average for more than two years, the RAC has said.

A litre of unleaded costs about £1.43 on average, a price which was last seen at UK forecourts in October 2021.

A fall in wholesale fuel costs has resulted in lower pump prices, the RAC said, adding that petrol could fall below £1.40 in the next week.

The drop also comes after the UK competition watchdog warned that drivers were not getting a fair deal.

The Competition and Markets Authority (CMA) said last month that retail prices for petrol and diesel had not fallen in step with wholesale costs, adding that there was “cause for concern” competition in the fuel market was not working.

The RAC, which has criticised supermarkets and petrol retailers over pricing, said petrol falling to £1.43 on average – about 10p cheaper than this time last year – was “good news for drivers, especially as prices should continue to come down in the run-up to Christmas due to the wholesale price being significantly lower”.

“While the biggest retailers haven’t announced any headline-grabbing big cuts, prices are falling steadily every day which is encouraging. We just have to hope this continues in the coming days,” said Simon Williams, the motoring group’s fuel spokesman.

He added while diesel was not as lower at around £1.50 on average, it was “still down from last Christmas’ dizzying prices of around £1.75 a litre”.

Fact v fiction: Five tips for saving petrol money examined

Fuel prices still cause for concern, says watchdog

Drivers have been stung by higher fuel prices in recent years.

The cost of filling up began rising as demand increased when coronavirus lockdowns were eased, and jumped further after Russia invaded Ukraine last year. Fears over oil global supplies saw the price of a barrel of Brent crude, a key ingredient in motor fuel, to hit more than $120 in June 2022.

That in turn drove pump prices, which peaked in July at a record £1.92p a litre for petrol and £1.99 for diesel.

While oil prices fell back from the peak, fuel prices also dropped, but concerns were raised that supermarkets, typically the cheapest fuel retailers, and other forecourts were not passing on the lower wholesale prices to customers.

An investigation in July found Britons were found to have paid an extra 6p per litre for fuel at supermarkets last year as weak competition let them charge more. The fallout led to retailers agreeing to set up a scheme to allow motorists to compare live fuel prices online.

In recent months, concern over fuel prices returned as petrol rose for four months in a row. This came as oil prices increased again after major oil producers, such as Saudi Arabia and Russia, decided to restrict production.

On Friday, Brent crude was around $77 a barrel and the RAC’s Mr Williams said if wholesale prices “are reflected more fairly at the pumps” in the next next week “we should see the average price of petrol drop below 140p [per litre]”.

How to save money on petrol and diesel

Watch your speed: The RAC says 45-50mph is the most efficient speed to drive for fuel efficiency

Switch off the air conditioning: Extra energy is needed to power a car’s air conditioning system and turning it on can increase your fuel consumption by up to 10%, according to the AA

Check your tyre pressure: Underinflated tyres will use up extra petrol. Check your pressures regularly, especially before heading off on a long journey

Related Topics

Fuel

Oil & Gas industry

Motoring

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4 October