prices Archives - Ireland's Forecourt & Convenience Retailer https://forecourtretailer.com/tag/prices/ Ireland's Only Forecourt & Convenience Retailer Wed, 21 Sep 2022 12:58:51 +0000 en-GB hourly 1 https://wordpress.org/?v=6.5.2 https://forecourtretailer.com/wp-content/uploads/2021/03/cropped-IFCR-Site-Icon-32x32.png prices Archives - Ireland's Forecourt & Convenience Retailer https://forecourtretailer.com/tag/prices/ 32 32 94949456 UK fuel prices fall to lowest level since mid-May https://forecourtretailer.com/uk-fuel-prices-fall-to-lowest-level-since-mid-may/ Wed, 21 Sep 2022 12:58:51 +0000 https://forecourtretailer.com/?p=21371 Fuel prices at UK forecourts have fallen to the lowest level since mid-May. Figures published by the Department for Business, Energy and Industrial Strategy show

The post UK fuel prices fall to lowest level since mid-May appeared first on Ireland's Forecourt & Convenience Retailer.

]]>
Fuel prices at UK forecourts have fallen to the lowest level since mid-May.

Figures published by the Department for Business, Energy and Industrial Strategy show a litre of petrol cost an average of 165.5p on Monday, while diesel was 181.1p per litre.

They are the lowest prices since May 16, coinciding with a fall in wholesale costs due to a drop in oil prices.

The highest average fuel prices for the year so far were recorded on July 4, when petrol was 191.6p per litre and diesel was 199.2p per litre.

Since then, the cost of filling up a typical 55-litre family petrol car has been cut by more than £14, while refuelling diesel models costs nearly £10 less.

AA fuel price spokesman Luke Bosdet said: “Although the fall in pump prices has slowed in recent weeks, they continue to trickle down steadily.

“This was to be expected as the end of the US summer motoring season eases the pressure on gasoline demand and therefore reduces the wholesale price of petrol in this country.

“At UK street level, petrol prices around 155p a litre are beginning to appear again.”

RAC fuel spokesman Simon Williams said: “While this is clearly good news, prices should have fallen much further than they have due to the big reduction in the cost of wholesale fuel this summer.

“The main reason this hasn’t happened is that the big four supermarkets, which dominate UK fuel sales, have refused to pass on savings.

“Average margins are now 19p a litre – 12p more than the long-term average. Petrol should really be on sale for 153p a litre and diesel 175p.

“We hope the Competition and Markets Authority is watching what’s happening closely.”

 

The post UK fuel prices fall to lowest level since mid-May appeared first on Ireland's Forecourt & Convenience Retailer.

]]>
21371
Bread prices jump 18% amid fallout from war in Ukraine https://forecourtretailer.com/bread-prices-jump-18-amid-fallout-from-war-in-ukraine/ Tue, 20 Sep 2022 09:55:33 +0000 https://forecourtretailer.com/?p=21359 Bread is on average 18% more expensive across Europe from a year ago, while the costs of other foodstuffs have also risen sharply amid the

The post Bread prices jump 18% amid fallout from war in Ukraine appeared first on Ireland's Forecourt & Convenience Retailer.

]]>

The new release from the EU statistics agency provides a breakdown of the items in the European shopping basket after its harmonised figures published last week showed inflation across the eurozone was running at 9.1% in August.

“Bread, vegetables, meat — food has become more expensive,” Eurostat said.

“Prices for cooking oils and fats have risen particularly sharply, but important staple foods such as bread have also become significantly more costly” because exports from Ukraine and Russia, which are big producers of grains, wheat, maize, sunflower oils, and fertilisers have been heavily disrupted since the February invasion, the agency said.

Bread prices have risen 18% in the EU from August last year, with prices in Hungary surging 66%, Lithuania with a 33% increase, and Estonia and Slovakia posting bread price rises of 32%, having the highest increases.

The price of bread has risen the least in France, the Netherlands, and Luxembourg, and has risen by 15% in Ireland from August 2021.

Eurostat’s figures last week showed that at 9%, Ireland’s overall inflation rate placed it almost in the middle of the eurozone inflation league.

At 6.6%, France had the lowest inflation rate by far, reflecting its government’s huge commitment to spend billions of euro to subsidise energy bills for households and businesses.

The post Bread prices jump 18% amid fallout from war in Ukraine appeared first on Ireland's Forecourt & Convenience Retailer.

]]>
21359
Wheat prices rise after Odesa missile raises doubts over grain exports from Ukraine https://forecourtretailer.com/wheat-prices-rise-after-odesa-missile-raises-doubts-over-grain-exports-from-ukraine/ Tue, 26 Jul 2022 09:56:37 +0000 https://forecourtretailer.com/?p=20869 Global wheat prices jumped after Russia’s weekend attack on the seaport of Odesa, even as Ukraine indicated it is pushing ahead with a deal to

The post Wheat prices rise after Odesa missile raises doubts over grain exports from Ukraine appeared first on Ireland's Forecourt & Convenience Retailer.

]]>

Global wheat prices jumped after Russia’s weekend attack on the seaport of Odesa, even as Ukraine indicated it is pushing ahead with a deal to begin shipping millions of tons of grain that has been piling up since the invasion.

Friday’s agreement involving Russia and Ukraine aims to facilitate exports from three of Ukraine’s Black Sea ports, including Odesa, and was hailed as a vital step toward alleviating a global food crisis.

Ukrainian officials are still preparing to restart sea exports as soon as this week despite the attack. The assault serves as a stark reminder of the risks for shippers and insurers as Russia’s war rages on.

“The willingness of ship owners to come with their ships to our ports will be the crucial factor to recover export volumes from Ukraine,” Roman Slaston, director general of the Ukrainian Agribusiness Club, said. Farmers “have some cautious optimism about this deal, but they also understand that any time it might stop again.”

Chicago wheat futures surged as much as 4.6%. Prices had slumped almost 6% Friday and closed at the lowest since early February after the deal was signed in Istanbul. Some analysts remain sceptical of the timeframe for exports resuming.

“It is thought to be unlikely that much will move from Ukraine right away as the infrastructure internally and at the ports needs to be rebuilt,” Jack Scoville, an analyst at Price Futures Group in Chicago, said.

Ukraine said at the weekend that the missiles didn’t hit grain storage at the port. Russia said on Monday its missile strike on Odesa targeted a military area and wouldn’t affect plans to resume grain exports from the Black Sea port.

“The attack on Odesa last Saturday is raising doubts about the resumption of the port activity in appropriate conditions,” Agritel said. “The market will inevitably remain very nervous in the event of new bombings or doubts about the concrete implementation of this resumption of export activity.”

Ukraine is moving ahead for now with preparations and its government is under pressure to restart grain exports to support its economy, which has been devastated by the war. The infrastructure ministry said Kyiv is beginning to prepare the Odesa, Chornomorsk and Pivdennyi ports to resume work and published a call for ships willing to take part in grain export caravans.

The post Wheat prices rise after Odesa missile raises doubts over grain exports from Ukraine appeared first on Ireland's Forecourt & Convenience Retailer.

]]>
20869
Go-slow fuel protesters block motorways across Britain https://forecourtretailer.com/go-slow-fuel-protesters-block-motorways-across-britain/ Mon, 04 Jul 2022 09:02:53 +0000 https://forecourtretailer.com/?p=20785 Drivers faced chaos on Monday morning as campaigners blocked UK motorways in a protest over soaring fuel prices. Protesters created a rolling blockade along the

The post Go-slow fuel protesters block motorways across Britain appeared first on Ireland's Forecourt & Convenience Retailer.

]]>
Drivers faced chaos on Monday morning as campaigners blocked UK motorways in a protest over soaring fuel prices.

Protesters created a rolling blockade along the M4, heading towards the Prince of Wales bridge. Similar demonstrations were also due to take place in Yorkshire and Essex.

Police warned of “serious disruption throughout the day”, with motorists urged to stay at home where possible.

It comes amid growing discontent about the surging cost of petrol and diesel on petrol station forecourts, which has been driven higher by Russia’s war in Ukraine.

But motoring groups have complained that pump prices have remained high even after wholesale costs began to fall back.

Howard Cox, founder of the FairFuelUK Campaign, said: “These are not just demonstrations against the record excruciatingly high petrol and diesel prices that rise each and every day.

“They are also about the sickening chronic manipulation of pump prices and the complete lack of scrutiny by our out of touch Government, in allowing unchecked petrol and diesel profiteering to run rife.”

Devon and Cornwall Police tweeted: “We are aware of a go-slow protest having commenced at 7:10am from Exeter Services heading northbound.

“This is currently around a dozen vehicles in size and is being accompanied by police vehicles to ensure the safety of all road users.”

A Government spokesman said: “While we respect the right to protest, people’s day-to-day lives should not be disrupted, especially on busy motorways where lives are put at risk and resulting traffic delays will only add to fuel use.

“The new Public Order Bill will make it a criminal offence to glue yourself to a dangerous motorway, which sees police spending hours trying to safely remove people.”

The post Go-slow fuel protesters block motorways across Britain appeared first on Ireland's Forecourt & Convenience Retailer.

]]>
20785
Fuel prices inexplicably continue to rise: RAC https://forecourtretailer.com/fuel-prices-inexplicably-continue-to-rise-rac/ Wed, 29 Jun 2022 10:10:54 +0000 https://forecourtretailer.com/?p=20745 Fuel prices are inexplicably continuing to rise despite showing signs of peaking earlier this week, the RAC says. RAC fuel spokesman Simon Williams said: “Inexplicably,

The post Fuel prices inexplicably continue to rise: RAC appeared first on Ireland's Forecourt & Convenience Retailer.

]]>
Fuel prices are inexplicably continuing to rise despite showing signs of peaking earlier this week, the RAC says.

RAC fuel spokesman Simon Williams said: “Inexplicably, fuel prices rose yet again yesterday with petrol hitting a new all-time high of 191.24p per litre and diesel just short of another record at 199.01p.

“We can see absolutely no rhyme or reason why average forecourt prices are still going up, given that the wholesale price of both fuels has been falling for weeks.

“Drivers up and down the country have a right to know why they’re having to pay what they are for fuel when the costs to retailers right now are so much less they were a few weeks ago. Next Thursday’s announcement by the CMA following its review will no doubt be watched very closely.

 “Suggestions that the Government might be about to announce more support for hard-pressed drivers are welcome. A cut to the price of forecourt fuel really can’t come soon enough.

“If it’s a further fuel duty cut that the Chancellor decides on, it’s absolutely vital that this is passed on in full immediately by retailers to give drivers some respite from these historic high prices. It’s also vital the Government monitors the wholesale market and closely scrutinises retailer margins.”

On Monday the RAC had expressed hopes that pump prices had peaked for the time being as petrol crept only very slightly higher than the day before at a new record average price of 191.1p.

The post Fuel prices inexplicably continue to rise: RAC appeared first on Ireland's Forecourt & Convenience Retailer.

]]>
20745