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 up in January amid near-term oil uncertainty
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 up in January amid near-term oil uncertainty
News

Bulk diesel prices up in January amid near-term oil uncertainty

routeone Team
routeone Team
Published: February 4, 2025
Share
Bulk diesel average price increases in January 2025
SHARE

The average price of delivered-in bulk diesel rose to 111.31ppl plus VAT in January and broke the 110ppl barrier for the first time in six months, according to data collated by trade body RHA.

That was a 3.1% uptick from December 2024’s return of 107.93ppl. The latest figure remains below the 114.59ppl recorded 12 months earlier, although January saw sterling fall to its lowest monthly average against the US dollar since October 2023. The delivered-in bulk diesel average has remained below 120ppl since that latter month in RHA’s dataset.

Oil prices rose to an average of US$78.35 per barrel in January. Reasons cited include tighter sanctions on Iran and Russia and the period of cold weather, with a spike at the beginning of the month partially balanced by a fall towards the close.

Some sources suggest that the tit-for-tat imposition of tariffs driven by United States President Donald Trump will have a limited impact on global oil prices. Others believe that oil will fall as global economic growth slows, although there is some caution of near-term volatility.

The US Energy Information Administration (USEIA) has forecast that Brent will decline to an average of around US$74 per barrel in 2025, down from almost US$81 in 2024. It believes that in 2026, the average return will be approximately US$66, which hints that diesel prices could recede next year.

An actual level similar to the oil prediction for across 2026 was seen in the earlier months of 2021. At that time, the delivered-in bulk diesel average was below £1 per litre.

On 21 January, USEIA said that the forecast for 2026 will be driven by strong global growth in production of petroleum and other liquids and a slower demand uptick, although its position was arrived at before further sanctions against Russia were introduced by the US on 10 January.

The Agency caveats its prediction by noting that “significant uncertainty remains in all aspects of oil supply and demand.”

In the shorter-term, USEIA’s latest Short-Term Energy Outlook – published on 14 January – moderately lifted oil price predictions for Q1 and Q2 2025. A tail-off in Q3 and Q4 is expected ahead of the projected decline in 2026.

Share This Article
Facebook LinkedIn Threads Email Copy Link
Previous Article Carousel Buses to increase High Wycombe bus service level Carousel Buses to continue ‘rebuild’ of High Wycombe network
Next Article cta workshop Record 1,200 meetings set up for CTA Conference and Workshop
- Advertisement -

Latest 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
Ashton under Lyne is first full electric Bee Network bus depot
Ashton-under-Lyne is first fully-electric Bee Network bus depot
News
- 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