Fuel Shortage

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...