By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
routeonerouteonerouteone
  • News
    • Show all
    • Awards & Events
    • Deliveries
    • Environment
    • Exhibitor News
    • Euro Bus Expo 2024
    • Features
    • Legal
    • Minibus and minicoach
    • Operators
    • Opinion
    • People
    • Suppliers
    • Vehicles
  • Vehicles
    • Find a Vehicle
    • ZEV Comparison Tool
    • Sell a Vehicle
    • Vehicle Seller Dashboard
  • Insights
  • Careers
  • Events
    • British Tourism & Travel Show
    • Euro Bus Expo
    • Innovation Challenge
    • Livery Competition
    • routeone Awards
  • Advertise
  • Contact
    • Share your news
    • Subscribe
    • Update Subscription Details
  • Latest Issue
  • SIGN UP
Search
© 2024 routeone News. All Rights Reserved.
Reading: Bulk diesel prices reach six-month period of stability in April
Share
Font ResizerAa
routeonerouteone
Font ResizerAa
Search
  • News
    • Show all
    • Awards & Events
    • Deliveries
    • Environment
    • Exhibitor News
    • Euro Bus Expo 2024
    • Features
    • Legal
    • Minibus and minicoach
    • Operators
    • Opinion
    • People
    • Suppliers
    • Vehicles
  • Vehicles
    • Find a Vehicle
    • ZEV Comparison Tool
    • Sell a Vehicle
    • Vehicle Seller Dashboard
  • Insights
  • Careers
  • Events
    • British Tourism & Travel Show
    • Euro Bus Expo
    • Innovation Challenge
    • Livery Competition
    • routeone Awards
  • Advertise
  • Contact
    • Share your news
    • Subscribe
    • Update Subscription Details
  • Latest Issue
  • SIGN UP
Follow US
© 2024 routeone News | Powered by Diversified Business Communications UK Ltd
- Advertisement -
-
routeone > News > Bulk diesel prices reach six-month period of stability in April
News

Bulk diesel prices reach six-month period of stability in April

routeone Team
routeone Team
Published: May 9, 2024
Share
Bulk diesel prices see six months of stability in April 2024
SHARE

The average price of delivered-in bulk diesel saw no notable change from March across April, with the April figure average rising by just 0.04ppl from March to come in at 116.65ppl plus VAT, according to data collected by RHA.

That represents further welcome stability for diesel buyers, something further in evidence via the maximum and minimum quotes seen by members of the trade body during April. They showed a similarly minimal amount of change from March.

April’s return means that the bulk diesel average as recorded by RHA has now stayed within a tight window for six months, with no more than 4.57ppl continuing to distance each of those figures since November 2023. 12 months earlier there was a variation of 26.75ppl over the same six-month period, albeit including a low of 112.80ppl in April 2023.

Independent fuel price information specialist Portland Pricing has repeatedly noted that conflict between Israel and Hamas is an influence on oil prices, albeit not to the extent first feared. A ceasefire could lead to a drop in diesel prices. Additionally, some parties have observed that the risk of conflict between Israel and Iran is receding.

After April closed, the United States Energy Information Administration (USEIA) modestly lowered its oil price forecasts via the latest Short-Term Energy Outlook, published in early May. However, Brent rose by around US$5.00 per barrel in April, the sharpest increase seen since September 2023.

While USEIA predictions made in May for the remainder of 2024 were still slightly above those published in March, they are below those issued in April in further evidence of the difficulty in forecasting accurately.

The Administration is less optimistic on oil prices than some other sources. It now believes that Brent crude in Q2 will average US$89.30 per barrel and rise slightly in Q3 as the result of ongoing geopolitical risks and voluntary production cuts.

Despite that, USEIA thinks that global oil production growth will accelerate next year. It thus predicts modest but consistent quarter-on-quarter price falls from Q4 to the end of 2025, at which time Brent is forecast to be US$82.66 per barrel.

Share This Article
Facebook LinkedIn Threads Email Copy Link
Previous Article Rowgate Group to grow FlixBus partnership in 2024 Rowgate Group to expand FlixBus partnership during 2024
Next Article Focus on driver cardiovascular problems likely after coach accident Driver cardiovascular risk focus possible after M25 coach accident
- Advertisement -

Latest News

London passes 2,000 zero emission buses in service
London bus fleet passes 2,000 zero-emission vehicles milestone
News
Big Bus Tours brand for McGill's Edinburgh sightseeing operation
Big Bus Tours brand for McGill’s Edinburgh sightseeing operation
News
Cozy Travel to become FlixBus UK operator partner
Cozy Travel to become FlixBus UK operator partner from 13 June
News
Pulhams – Assistant Operations Manager
Careers
- Advertisement -
-

routeone magazine is the indispensable resource for professional UK coach, bus and minibus operators. The home of vehicle sales and the latest bus and coach job vacancies, routeone connects professional PCV operators with complete and unrivalled news coverage.

  • Terms & Conditions
  • Privacy Policy
  • GDPR Policy
  • Sustainability
  • Advertise
  • Latest Issue
  • Share Your News
routeonerouteone
Follow US
© 2024 routeone News | Powered by Diversified Business Communications UK Ltd