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.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

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

A $2.2B Gold Project Is Outgrowing Its Plan | Michael Henrichsen – Gold X2 Mining

Pay for the Copper, Get the Gold Free | Rob McEwen – McEwen Inc

This Gold Discovery Was Already Huge. Now It’s Becoming a Monster. | Goliath Resources

Recommended

Homeland Nickel Signs Binding Offtake With Westwin for 20,000 Tonnes of Concentrate a Year

Golden Cariboo’s First Quesnelle Resource Estimate Tallies 1.19 Million Gold Equivalent Ounces

Related News

EU Proposes Tighter Regulations on Cryptocurrency Transfers

Cryptocurrency transactions made in the European Union may soon be subject to tighter regulatory oversight,...

Wednesday, July 21, 2021, 08:00:05 AM

Eurozone Economy Heads For Double-Dip Recession

Following what were stringent coronavirus lockdowns enveloping Europe for much of the spring months, the...

Wednesday, November 4, 2020, 03:36:00 PM

MP Michael Chong Wants Feds to Explain ‘Divergence’ with UK Saying A Terrorist Attack Is ‘Very Likely’ in Canada

Michael Chong, a member of Canada’s main opposition Conservative party, is questioning the gap between...

Monday, November 6, 2023, 03:40:00 PM

US Diesel Crisis: Fuel Company Warns of Widespread Diesel Shortages

Fuel supply company Mansfield Energy is sounding the alarm over a diesel shortage that is...

Monday, October 31, 2022, 10:40:47 AM

Farm-To-Road: Wave Of Farmer Protests Spreads Across Europe

Amid the seemingly worldwide rising inflation – which started with the effects of the pandemic...

Saturday, July 9, 2022, 05:10:00 PM