Drivers face tighter supplies as fuel falls to lowest levels since December 2022 - London Business News | Londonlovesbusiness.com
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Drivers face tighter supplies as fuel falls to lowest levels since December 2022 - London Business News | Londonlovesbusiness.com
"Petrol stocks averaged 44-47% across the country before the conflict, but fell to between 36-43% in the weeks following February 28, hitting a low of 36% on March 4, 6, and 7."
"Diesel stock levels dropped from a stable 47-52% to 37% by March 6, with some regions recording lows of just 35%, while North East England and Scotland had minimum stocks of 41%."
"Despite the decline in stock levels, petrol deliveries increased to an average of 7,333 litres per day, up from 7,071 litres in the four weeks prior to the conflict."
"Analysts warned that while stocks have partially recovered, ongoing tensions in the Middle East continue to pose a risk to supply and prices."
Petrol and diesel stocks at UK filling stations have significantly decreased since the outbreak of war in Iran, with petrol stocks dropping to 36% and diesel to 37%. Despite this decline, petrol deliveries increased to an average of 7,333 litres per day. Diesel stock levels fell particularly low in certain regions, while others fared better. The Department of Energy stated that fuel supply remains normal and resilient, but analysts caution that ongoing Middle East tensions could impact future supply and prices.
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