15-30p Difference in fuel?

[ZX10R NIN]

Before this recent conflict there was roughly an 7-10p difference between petrol & diesel.

Now it seems to be a 20-25p average, can someone explain why this is?

It can't be just profiteering can it?

[sixor8]

50% of diesel is imported. Most petrol is refined here, so I've read. The duty has been the same for many years.

[_Rodders_]

Don't we get unwanted diesel from the US?

Are they holding onto it in anticipation of a shortage?

[kambites]

Not all crude oil is created equal. North Sea crude, for example, is "light", which is to say it predominates lighter fractions used to make things like petrol but lacks the heavier fractions which produce diesel. Most North American crude is much the same.

Most of our diesel comes from the Middle East.

[Terminator X]

Interesting that cost increases are immediate. Don't they hold stocks months ahead?

TX.

[bergclimber34]

Why not profit when nobody will do a damn thing about it, you would?

People making food have been doing it for decades and again there is nothing you can do about it.

[Mad Maximus]

Terminator X said:

Interesting that cost increases are immediate. Don't they hold stocks months ahead?

TX.

Yup. It’s very interesting although not surprising in today’s world. I wonder if the price will drop immediately when the barrel cost drops?