Fuel Shortage

Heidi Alexander says part of answer to strait of Hormuz crisis is importing more fuel from US and west AfricaA refinery in Nigeria accused of dismissing workers for joining a union has emerged as key to the UK government’s hopes of saving the summer holiday amid a jet fuel shortage.Heidi Alexander, the transport secretary, said at the weekend that part of the answer to the strait of Hormuz crisis was to import more fuel from the US and west Africa. Continue reading...

Motorists are forced to queue up to six hours for fuel or pay more on the black market, while farmers lack fuel to operate machinery and harvest crops.

High fuel prices and passenger delays caused by EU’s EES entry-exit system causing problems, says trade bodyBusiness live – latest updatesEurope’s smaller airports may not survive if jet fuel shortages triggered by the Middle East crisis lead to widespread route cancellations, the industry’s trade body has warned.Although airlines insist that there are currently no supply issues within the normal four- to six-week horizon, the US-Israel war on Iran and the effective closure of the strait of Hormuz have doubled the price of jet fuel, prompting some carriers to cancel flights. Continue reading...

Carriers will retain airport slots if they cancel services as passengers are urged to continue with travel plansPenalties on airlines that cancel UK flights because of jet fuel shortages have been eased, it has emerged, as the government issued fresh advice to reassure the public they can still fly and should stick to travel plans.Airlines who cancel flights will not lose their rights to valuable takeoff and landing slots at busy airports, which can be forfeited when flights fail to operate over a period. Continue reading...

Ministers also asked to alter compensation rights and suspend emissions trading scheme amid Middle East warAirlines are lobbying the UK government to relax environmental and noise rules, modify passenger rights and cut taxes on flying, as they prepare for higher costs and a possible shortage of jet fuel because of the war in the Middle East.A list of policy requests submitted to ministers and the aviation regulator includes suspending the emissions trading scheme and relaxing limits on night flights, it has emerged. Continue reading...

Summer flights and holidays may also be at risk, says the Airports Council International European airports have said jet fuel shortages could hit the summer holiday season, if oil supplies do not start to flow through the strait of Hormuz within the next three weeks.Airports Council International (ACI) Europe wrote to Apostolos Tzitzikostas, the EU transport commissioner, saying the bloc is three weeks away from shortages. Continue reading...

Federal government chases supply guarantees from countries including Singapore, South Korea, Malaysia and Japan amid Iran warGet our breaking news email, free app or daily news podcastAsian trading partners have reassured Australia that the “normal supply” of fuel will continue amid the Middle East conflict, as the government prepares to intensify efforts to avert shortages of petrol and diesel.The federal government has been chasing supply guarantees from countries including Singapore, South Korea, Malaysia and Japan as the Iran war and closure of the strait of Hormuz wreaks havoc on the global oil market. Continue reading...

Most of the stations hit with penalty infringement notices were in regional NSW, while 23 were in Sydney Ninety-three service stations in New South Wales are facing fines for misrepresenting their prices amid Australia’s fuel crisis – although none are facing penalties for price gouging.A two-week compliance blitz has seen inspectors visit about 75% – or just under 1,800 – of stations registered with fuel price app FuelCheck in NSW, issuing 93 penalty infringement notices, the state government said on Sunday. Continue reading...

Michael O’Leary says UK’s reliance on Kuwait for jet fuel supply amid Iran war exposes it to possible shortagesThe UK is the most vulnerable country in Europe to potential jet fuel shortages as the Iran war throttles supplies from the Gulf, the boss of Ryanair has said.Michael O’Leary, the chief executive of the budget airline, said Britain would be the most exposed to jet fuel shortages because it relies on Kuwait for about 25% of its supply. Continue reading...

Fuel tax cuts also risk adding to inflation by enabling some households with enough income to spend moreFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFuel excise cuts would be a “political band-aid” that could worsen petrol shortages and add to inflation, economists have warned.The mining billionaire Gina Rinehart, Tasmania’s state premier and Liberal opposition leaders in New South Wales and Victoria have called for the Albanese government to cut the excise on petrol and diesel. Continue reading...

Energy minister Michael Shanks reassures drivers ahead of chancellor’s statement to MPsGood morning. At lunchtime Rachel Reeves, the chancellor, will give a statement to MPs that will cover what the government is doing, and (more tentatively) might do, in response to the soaring global energy prices caused by the Iran war. After Russia invaded Ukraine in 2022, also creating a global energy shortage, the Conservative government ended up spending £40bn supporting families and firms with energy bills over the following winter. Reeves’s problem is that she has not got £40bn spare. With spring upon us, and people starting to turn down their central heating, the issue may not seem particularly pressing in many households (although heating oil and petrol prices are already soaring.) But, by the end of this year, this could be the sort of colossal economic crisis that gets remembered for half a century.As Chris Mason explains in a good preview, Reeves is expected to cover three points. She is expected to confirm that the government wants to give the Competition and Markets Authority new powers to deal with any potention profiteering by oil companies. She will confirm that the government wants to go “further and faster to secure the next generation of nuclear power and to reclaim Britain’s place as a leading nuclear nation” (as the Treasury puts it in its overnight preview).[Drivers] should do everything as absolutely normal because there is no shortage of fuel anywhere in the country at the moment. We monitor this every single day, I look at the numbers personally. There’s no issue at all with that …People should go about their business as normal. That’s what the RAC and the AA have said. It’s really important people do that. There’s no shortage of fuel and everything is working as normal.Look genuinely, people shouldn’t change their behaviour or their habits in the slightest. Continue reading...

From a shop owner in India to a community worker in New South Wales, rising fuel prices are forcing people to ration oil usageMiddle East crisis – live updatesAlagesan, 35, needs liquefied petroleum gas (LPG) to run his roadside drink and snack shop in Coimbatore, India, but with the fuel shortage since the US-Israel attacks on Iran, he worries his business could fold.“I am far away from the Middle East, but my life is affected,” he said. “The gas cylinder is not available because of the war. I don’t know what to do.” Continue reading...