Rolling coverage of the latest economic and financial news, as the UK’s supply chain crisis continues
- Latest: Grant Shapps says ‘signs of stabilisations’ in petrol storage
- Shapps: don’t fill up water bottles with fuel
- Intro: More queues and shortages at petrol stations this morning
- Petrol retailers: ‘panic buying’ continuing today
- Ellwood MP: Use army to restore public confidence
- Brent crude hits $80 per barrel, first time in three years
- Health workers should be given priority access to fuel in UK, says senior doctor
One of the UK’s largest oil refineries says it has reached an agreement with UK tax authorities, which will give it more time to repay a deferred VAT bill.
Essar UK, which operates Britain’s Stanlow oil refinery, says it has entered into a new “time to pay agreement with HM Revenue & Customs”, with a phased payment schedule aligned with its revenues.
Road fuel sales volumes from EOUK’s Stanlow, Northampton and Kingsbury terminals over the last weekend (25—26 September) were up 22% against a “normal” weekend (pre-Covid). On Friday 24 September sales volumes from the three terminals were up 14% on a “normal” Friday.