UK Petrol Pumps Run Dry as British Government Invokes Emergency Measures

The UK has eclipsed into a state of chaos over the weekend, as nearly 90% of fuel pumps run dry across major cities after consumers delved into a panic-buying frenzy.

According to the Petrol Retailers Association (PRA), which represents independent petrol retailers across Britain, numerous fuel stations have run out of supplies after consumers began stockpiling reserves over the weekend even as the government assured that there was nothing to be concerned about. “We need some calm… if people drain the network then it becomes a self-fulfilling prophecy,” explained PRA executive director Gordon Balmer to Reuters.

The PRA’s members— which account for nearly 65% of all forecourts across the country— reported that 50% to 90% of pumps are empty in some regions, as shortages become even more widespread. The PRA’s comments come shortly after the UK government assured that there would not be any fuel shortages, and that consumers should carry on making their usual fuel purchases. However, it appeared that the government’s advice was thrown in the trash bin, because lineups formed at petrol stations across the country over the weekend, forcing some retailers to even close early due to unprecedented demand.

The UK is facing a major fuel shortage as of late, as a lack of qualified truck drivers threatens to slash petrol deliveries even more. The British government announced a series of emergency measures over the weekend to help tackle the crisis, including issuing temporary work visas for nearly 5,500 truck drivers, as well as discontinuing competition laws to authorize operators to receive fuel from rival suppliers.


Information for this briefing was found via Reuters and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

IAMGOLD Q3 Earnings: Market Responds With MASSIVE Price Lift

G Mining Q3 Earnings: Costs Down, Production Up

Endeavour Silver Q3 Earnings: On The Upswing

Recommended

Silver47 Hits 606 g/t Over 9.7 Metres Silver Equivalent In Final Assays From 2025 Drill Program At Red Mountain

Altamira Gold Encounters Second Porphyry Body, Hitting 3.5 g/t Gold Over 8.0 Metres

Related News

European Green Tech Industry Faces Challenges Amidst Calls for Domestic Manufacturing Boost

Solar industry leaders gathered in Madrid on Thursday to caution about the obstacles hindering Europe’s...

Friday, October 6, 2023, 12:56:00 PM

Tory-Led UK About To Be “Sick Man Of Europe”, Headed For IMF Bailout — Guy Hands

Financier Guy Hands, co-founder and chair of Terra Firma Capital Partners and a long-time Conservative...

Tuesday, October 25, 2022, 03:04:00 PM

Air Travel Is Not Going To Get Cheaper — At Least Not In A While

Cheap short-haul flights in Europe will soon just be part of fond travel memories as...

Sunday, June 4, 2023, 03:39:00 PM

YouTube Faces Spying Charges In Europe

A privacy consultant is filing criminal charges against YouTube in Europe for scripts that detect...

Tuesday, November 14, 2023, 02:54:00 PM

BP Shuts UK Fuel Stations Amid Truck Driver Shortage as Europe’s Energy Crisis Worsens

It appears that Europe’s energy crisis is about to get a lot worse. Oil company...

Friday, September 24, 2021, 02:32:00 PM