Fuel thefts up 61% as pump prices keep climbing

2022-07-02 15:51:15 By : Mr. Jerry Chao

Fuel thefts from UK filling stations have reached record levels amid soaring pump prices.

Industry body the Petrol Retailers Association (PRA) said drive-off incidents – where a motorist fills up and makes no attempt to pay before leaving – have increased by 61% so far this year, compared with the same period in 2021.

PRA executive director Gordon Balmer described the number of thefts as “going through the roof” with “10 incidents a day” being reported.

Retailers will lose £25 million if the current rate of drive-offs continues for the next 12 months, he said.

Incidents of drivers claiming to be unable to pay for fuel they have already put in their vehicle – such as by forgetting their wallet – have also risen, reaching an annual cost to the sector of £16 million.

“You’re looking at nearly £41 million in terms of cost to industry of fuel either being stolen through drive-offs or people haven’t got the means to pay,” Mr Balmer said.

“It’s a really difficult issue at the moment, and on the increase.”

Asked whether retailers are receiving enough support from the police, he said: “With the pressure on the police over the last few years, many police forces have said ‘It’s not a criminal offence, it’s a civil offence, so you need you need to deal with it, and if the actual value of the crime is below £100 then we won’t send anyone out to police it’.

“This has been raised by myself personally with the Home Office.”

There has also been a surge in verbal abuse towards forecourt staff by drivers angry at pump prices.

Darren Briggs, chief executive of Ascona Group, which owns 59 filling stations across the UK, said: “We’ve had a huge increase of staff abuse at forecourt level.

“We’re getting reports virtually every week of customers being quite abusive because of what they’re seeing at the pole sign.”

He added: “It is tough out there to explain to customers how the market operates.”

Figures from data firm Experian show the average price of a litre of petrol at UK forecourts reached a new high of 191.2p on Tuesday.

The average price of diesel was 199.0p per litre, a fraction of a penny below the record of 199.1p per litre set on Saturday.

This led motoring groups to accuse retailers of refusing to pass on recent decreases in wholesale costs.

The RAC said there is “no rhyme or reason why average forecourt prices are still going up”, while the AA claimed drivers are “being taken for fools by retailers”.

Mr Briggs acknowledged that “fuel prices have gone through the roof” but stressed there is “huge volatility in the market” which means pump prices are largely dependent on the timing of when retailers buy new supplies.

Ascona Group needs a profit margin of “at least 9p per litre” to cover costs such as wages and utility bills but in the past two months it has been “lucky to make 7p per litre”, he said.

Mr Balmer said: “We’re making very, very thin returns as we struggle with the high fuel prices.”

He insisted all retailers have passed on the 5p-per-litre cut in fuel duty implemented by the Treasury in March.

Earlier this month, the Competition and Markets Authority launched a “short and focused review” of how much drivers are being charged for fuel after a request by Business Secretary Kwasi Kwarteng.

Chancellor Rishi Sunak told MPs on Tuesday that he will carefully consider calls for a “more substantial” fuel duty cut.

Amid concerns the previous reduction “didn’t really touch the sides” for hard-pressed drivers, he said when challenged in the House of Commons that he will take the recommendations “under advisement”.

NEIL LENNON has been reunited with former Rangers winger Brandon Barker in Cyprus after the 25-year-old signed a two-year contract with Omonia Nicosia.

Steve Baker said the only reason to go to the polls early was to circumvent an inquiry into whether Boris Johnson misled Parliament.

Contrarian value investors are always on the look-out for shares that the market has overlooked. In times of economic uncertainty - when stock prices become er...

The global diabetes care devices market is expected to grow from US$ 28,942. 1 million in 2022 to US$ 42,119. 3 million by 2028; it is estimated to grow at a CAGR of 4. 8% from 2022 to 2028. Rising incidence of diabetes and growing geriatric population are the key factors driving the market.New York, July 01, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Diabetes Care Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type and End User" - ht

From Phillips to Oral-B, look to the pros for tailor-made cleaning, sensitivity and gum care

The Serious Fraud Office opened its investigation into Chemring, its subsidiary Chemring Technology Solutions and associated persons in 2018.

Shell said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that said it had to wait for the outcome of an appeal over a 2019 oil spill. "Shell welcomes the Nigerian Supreme Court's decision to hear the appeal of the Shell Petroleum Development Company of Nigeria Ltd (SPDC) in this case," the London-based company said in a statement. "Until the outcome of SPDC's appeal, Shell will not progress the divestment of its interest in SPDC."

BEIJING/SYDNEY (Reuters) -China's "Big Three" state airlines pledged on Friday to buy a total of almost 300 Airbus jets, the biggest order by Chinese carriers since the start of the COVID-19 pandemic and a breakthrough for Europe as Boeing remains partially frozen out of China. In apparently coordinated announcements, Air China and China Southern Airlines said they would each buy 96 A320neo-family jets worth $12.2 billion at list prices. China Eastern Airlines said it would buy 100 airplanes of the same type, worth $12.8 billion.

It is expected to grow at a CAGR of 12. 2% from 2022 to 2028. The growth of the global tissue engineering market is mainly attributed to factors, such as the increasing incidences of chronic diseases, road accidents and trauma injuries, and technological advancements in the field of 3D tissue engineering.New York, July 01, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Tissue Engineering Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material Typ

Adam Mountford took over as producer of cricket’s Test Match Special in 2007 from Peter Baxter, who had held the reins for over 30 years.

The UK looks set for a recession and a longer battle with inflation than many of its neighbours. This is why

Ultrasonic Parking Sensors for Smart Parking Market Research Report by Type (Front parking and Reverse parking), Technology, Components, Offering, Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19New York, July 01, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Ultrasonic Parking Sensors for Smart Parking Market Research Report by Type, Technology, Components, Offering, Applicat

Floor Coatings Market – Scope of Report The latest study collated and published analyzes the historical and present-day scenario of the global floor coatings market in order to accurately gauge its future growth.New York, July 01, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Floor Coatings Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031" - https://www.reportlinker.com/p06282916/?utm_source=GNW The study presents detailed i

Reels are the fastest growing form of content on Instagram and Facebook

High inflation and rising interest rates will add to the pressures on mortgage borrowers.

Facebook’s parent company Meta is slashing hiring plans as Mark Zuckerberg warns of “one of the worst downturns in recent history”.

President Vladimir Putin has raised the stakes in an economic war with the West and its allies with a decree that seizes full control of the Sakhalin-2 gas and oil project in Russia's far east, a move that could force out Shell and Japanese investors. The order, signed on Thursday, creates a new firm to take over all rights and obligations of Sakhalin Energy Investment Co, in which Shell and two Japanese trading companies Mitsui and Mitsubishi hold just under 50%. The five-page decree, which follows Western sanctions imposed on Moscow over its invasion of Ukraine, indicates the Kremlin will now decide whether the foreign partners can stay.

Turkey can re-export grain products like wheat, oat, and barley from the Black Sea to countries in need after talks with Russia and Ukraine, President Tayyip Erdogan said on Friday, adding he would discuss the matter with both countries in coming days. Ukraine is one of the top global wheat suppliers, but shipments have been halted by Russia's invasion, causing global food shortages.

Abstract: What`s New for 2022? -Global competitiveness and key competitor percentage market shares. -Market presence across multiple geographies - Strong/Active/Niche/Trivial.New York, July 01, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Defense Robotics Industry" - https://www.reportlinker.com/p05442633/?utm_source=GNW -Online interactive peer-to-peer collaborative bespoke updates -Access to our digital archives and MarketGlass Research Platform -Compli

Zoopla said the South West of England is the fastest-moving market, reflecting high levels of demand during the coronavirus pandemic.