Fuel providers hopeful of more price reductions
Summary
Two major fuel providers in the Channel Islands, Rubis and ATF Fuels, say that lower wholesale fuel prices are starting to reduce the prices at gas stations in Guernsey and Jersey. Prices reached a high due to the Iran war in May but have since dropped, and further reductions are expected if wholesale prices keep falling.Key Facts
- Fuel prices at pumps in Guernsey and Jersey are gradually going down.
- Petrol and diesel prices peaked in May because of the Iran war.
- Global oil prices have recently returned to levels seen before the Iran war.
- Diesel prices fell by 17p per liter in June, the fastest monthly drop since 2000.
- Petrol prices have also decreased, but less quickly than diesel.
- Rubis expects more price cuts at pumps as new lower-cost fuel stocks arrive.
- ATF Fuels said refining costs and war damage in Iran slow the drop in fuel prices.
- A local politician suggested temporarily cutting fuel taxes to ease living costs.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
