Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
2021 09 29T104024Z 1 LYNXMPEH8S0KJ RTROPTP 4 BRITAIN TRUCKERS
2021 09 29T104024Z 1 LYNXMPEH8S0KJ RTROPTP 4 BRITAIN TRUCKERS

British army to start driving tankers as queues for fuel continue


By Guy Faulconbridge and Michael Holden

LONDON (Reuters) -British soldiers will start driving tankers soon to replenish empty pumps as drivers queued again for fuel after days of shortages, despite Prime Minister Boris Johnson saying the situation was improving.

Britain has been gripped by a rush of panic buying for almost a week that has left pumps dry across major cities, after oil companies warned they did not have enough tanker drivers to move petrol and diesel from refineries to filling stations.

Business minister Kwasi Kwarteng said 150 soldiers had been mobilised, and would be driving tankers within a few days.

“The last few days have been difficult, we’ve seen large queues. But I think the situation is stabilising, we’re getting petrol into the forecourts. I think we’re going to see our way through this,” Kwarteng said.

He said the government’s reserve tanker fleet, which numbers 80 vehicles according to a 2019 assessment, would be operating by later in the day, driven by civilians, to help deliver fuel across the country.

Johnson has sought to quell concerns, saying supplies were returning to normal while also urging people not to panic buy.

A shortage of around 100,000 drivers has sown chaos through supply chains and raised the spectre of empty shelves and price increases at Christmas.

NO GUARANTEE

Asked if he could guarantee that there would not be problems in the run-up to the busy retail period, Kwarteng said: “I’m not guaranteeing anything. All I’m saying is that, I think the situation is stabilising.”

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

By the early morning rush hour there were already long queues of cars in and around London and on the busy M25 orbital motorway circling the capital. Signs were up at some sites announcing no fuel was available.

The gridlock has sparked calls for doctors, nurses and other essential workers to be given priority access to fuel, a move Johnson has resisted.

Industry groups said the worst of the shortages seemed to be in London, the southeast and other English cities. Fights have broken out as drivers jostled.

The Petrol Retailers Association (PRA), which represents independent retailers who account for about two-thirds of all the 8,380 UK filling stations, said on Tuesday 37% its members’ stations were out of fuel.

The shortages have added to an air of chaos in the world’s fifth-largest economy, leaving gaps on supermarket shelves. A spike in European wholesale natural gas prices has also tipped energy companies into bankruptcy.

Britain left the EU single market at the start of this year, preventing hauliers from recruiting drivers in the bloc. To tackle the shortage, the government has said it will issue temporary visas to 5,000 foreign drivers, a measure it had previously ruled out.

“What we want to do is make sure that we have all the preparations necessary to get through until Christmas and beyond, not just in supplying the petrol stations but all parts of our supply chain,” Johnson said.

Hauliers, petrol stations and retailers say there are no quick fixes as the shortfall of drivers is so acute, and transporting fuel demands training and licensing. European drivers may also be reluctant to take up the visa offer, which only lasts until Dec. 24.

(Reporting by Guy Faulconbridge; Writing by Kate Holton; editing by Peter Graff and Mike Collett-White)

 

Recent Post: