Cost of oil falling. Petrol prices rising. We find out why.
As of 2022, the price of a litre of petrol reached 198.9p in the UK (rac.co.uk/drive/advice/fuel-watch), a stark contrast to our 2018 blog ‘ 5 WAYS TO IMPROVE YOUR FLEETS FUEL EFFICIENCY’ in which fuel prices were at a now reasonable 122.5p per litre ( If you would like to read this blog post click here - octane.uk.com/fleet-fuel-efficiency).
Now 3 years on from that post the points made are more relevant than ever, with the world’s socio-economic state being the most chaotic it’s ever been, this having a direct impact on the fuel supply chain, with crude oil prices falling due to a backlog of supply to certain countries and various break downs in international relations.
This backlog of deliverable crude oil has caused a drought further down the supply chain. These supplies are being used as bargaining tokens in international relationships, giving a dystopian sense of corporatocracy to the international fuel industry with the real ‘loser’ being the customer.
To be competitive in this ever-changing fuel supply world the use of technology is now a necessity with many smart devices on the market used to monitor consumable usage. Whether you are an individual or a business, taking full advantage of fuel management technology is imperative in saving you money in this unstable industry.
whether your needs are for a more effective fuel management system, or fuel storage tank or if you are looking for charging infrastructure for your electric vehicle fleet, Octane holding group is on hand to provide a solution that will help propel you into a fossil fuel-free future.
For further information contact us today.
