Pump pain sparks 100m fuel theft surge across Britain - London Business News | Londonlovesbusiness.com
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Pump pain sparks 100m fuel theft surge across Britain - London Business News | Londonlovesbusiness.com
"New figures suggest incidents of unpaid fuel have surged by nearly 30 per cent in recent weeks, as the cost of petrol and diesel continues to climb following the escalation of conflict involving Iran."
"The British Oil Security Syndicate (BOSS) says such incidents now account for around two-thirds of all forecourt fuel crime, making it the single biggest challenge facing operators."
"Campaigners are urging forecourt staff to remain vigilant, particularly during peak trading hours, warning that some offenders enter shops to make small purchases while deliberately avoiding payment for fuel."
"With energy markets still volatile and pump prices under pressure, industry experts warn the trend could worsen - leaving retailers to absorb growing losses as the cost-of-living squeeze deepens."
Fuel theft in Britain has sharply increased, with losses now estimated to exceed £100 million annually. Recent data indicates a nearly 30 percent rise in unpaid fuel incidents, driven by escalating petrol and diesel prices. Diesel prices have risen by 48.6p per litre, while petrol has increased by 25.1p per litre. The British Oil Security Syndicate reports that two-thirds of fuel crime is attributed to 'no means of payment' cases, which are often abused. Industry experts warn that the trend may worsen as the cost-of-living crisis continues.
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