Between August and September, the average petrol price increased by 5.1p per litre, as reported by the Office for National Statistics, keeping inflation steady at 6.7%.
Oil prices remain stable at levels close to 10-month peaks.
On Monday, the standard oil price remained steady, maintaining its position above $90 a barrel, a level not seen in the last 10 months. This surge was influenced by recent
Electricity from wind is not cheap, and it might never be
The parliamentarians prompting Rishi Sunak to reconsider his stance on onshore wind power frequently echo the wind industry’s catchphrase: “Wind is affordable.” Sir Alok Sharma claims it’s “affordable, green, and
Oil prices climb to a 9-month peak amid concerns over limited supply.
Oil prices edged nearly 1% higher, reaching a nine-month peak on Friday due to an uptick in U.S. diesel futures and concerns over tight oil supplies, following supply cut extensions
Gas prices rise as workers begin strikes at two key Chevron facilities in Australia
European gas prices have surged as employees at two prominent Chevron sites in Australia initiated limited strikes following unsuccessful negotiations.
Nobody wants an electric car, most people simply refuse to make the switch
The automobile was once a beacon of individual liberty, revolutionizing our work lives and giving birth to the suburban lifestyle.
UK Households warned ‘era of cheap energy is over’ as bills forecast to rise
British families are alerted that the days of low energy prices have come to an end, with an anticipated increase in bills next year.
LNG workers at Chevron in Australia permit union to initiate a strike.
Chevron’s LNG production in Australia may face interruptions as a recent worker vote approved union-led industrial action if required.
UK Supermarkets accused of driving up petrol prices by 6p a litre
The Competition and Markets Authority (CMA) attributed the recent rise in fuel prices since 2019 to lessened competition among supermarkets.
Diesel prices have been reduced by supermarkets in response to concerns raised by the competition watchdog.
Following the competition watchdog’s decision to intensify scrutiny of the market, supermarkets and other prominent retailers have hastened their cuts to diesel prices, as reported by the RAC.
Drahi takes BT biggest shareholder stake close to 25pc
Altice, the largest shareholder of BT Group PLC (LSE: BT.A), led by billionaire Patrick Drahi, has raised its stake by acquiring an additional 650 million shares.