Global fuel prices soar as Iran hits Gulf refineries in multiple countries
https://www.cbc.ca/news/world/livestory/us-israel-iran-war-9.7134369?cmp=rss

LLANELLI HAULIER HIT HARD: Fuel crisis adds £64,000 A WEEK to costs — and shoppers could soon feel the pain

Bosses at Owens Group say the surge in diesel prices — driven by the ongoing conflict in the Middle East — has pushed costs up by around 30% almost overnight.

Founder Huw Owen said the impact was immediate.

“We felt it as a company straight away,” he told the BBC.

“With a fleet our size, we burn a tanker of fuel a day. We used to order fuel a week or even a fortnight in advance — now we’re negotiating prices day by day.”

Inevitable’ price hikes

The warning comes just days after concerns were raised about rural families struggling to heat their homes — with industry figures now saying the crisis is spreading fast through the wider economy.

The Road Haulage Association has warned rising fuel costs will “inevitably” be passed on, meaning higher prices for everyday goods.

“Everything we buy is moved by road at some point,” said RHA representative Geraint Davies.

“If these costs stay high, there will be an inflationary effect — it’s unavoidable.”

Supply chaos and soaring prices

The crisis has also disrupted how companies can even buy fuel.

Owens Group — one of the largest haulage firms in Wales with around 600 vehicles on the road — says suppliers have stopped allowing bulk advance orders.

Instead, firms are being forced to buy fuel daily at volatile prices, making long-term planning almost impossible.

Global oil prices have surged past $100 a barrel amid fears over supply routes linked to the conflict involving Iran, sending shockwaves through industries reliant on transport.

Government under pressure

The RHA is now urging ministers to extend the 5p fuel duty cut, warning that ending it later this year would “add flames to the fire of inflation”.

But the UK Treasury says it is trying to balance public finances, insisting it will ensure drivers get a “fair deal at the pump”.

rom hauliers to households

The warning signs are clear: from heating oil in rural homes to diesel in delivery fleets, the same crisis is rippling across Wales.

And with businesses like Owens now absorbing massive cost increases, experts say it may only be a matter of time before supermarket shelves reflect the price shock too.

Related stories from Swansea Bay News

Owens Group swap lorries for bikes in charity ride
Staff take on a 90‑mile challenge to raise money for good causes.

From HGV driver to fashion founder
An Ammanford mum launches a breastfeeding‑friendly clothing line with start‑up support.

Swansea logistics firm joins Pallet‑Track network
A major move strengthens the company’s national distribution reach.

Swansea firm urges hauliers to ditch EU roaming charges
Transport companies warned to avoid costly mobile fees on the continent.

#Carmarthenshire #costOfLivingCrisis #Diesel #dieselPrices #energy #fuel #fuelCrisis #fuelPrices #haulage #haulageIndustry #inflationUK #Llanelli #MiddleEastConflict #motoring #oilCrisis #oilPrices #OwensGroup #RoadHaulageAssociation #SouthWestWales #transportCosts #UKEconomy #WalesNews
Australia's Cheap Petrol Paradox: Global Prices Lower, But Supply Shock Cuts Deep

Middle East conflict triggers 50-cent fuel price spike and supply shortages despite Australia's globally competitive prices. Analyst reveals risks of fuel import dependency.

The Daily Perspective
Japan petrol prices hit record level | Newsbase

Perth woman caught out by fuel price spike reveals cracks in transparency system

Woman charged 30 cents more than FuelWatch price. ACCC probing fuel retailers as Perth prices surge 59.5 cents in weeks.

The Daily Perspective
Morocco launches support package for transport sector amid rising fuel prices | Newsbase

Soaring fuel prices drive thousands to Sydney's trains and buses

Middle East conflict pushes petrol prices up 70 cents per litre, driving 46,000 additional Sydney commuters to trains and buses in three weeks.

The Daily Perspective
Fuel prices jumped 40 cents overnight. 😖 #FuelPrices
President Lee Jae-myung criticized Nonghyup gas stations for failing to lower fuel prices despite maximum price controls, instructing Agriculture Minister Song Mi-ryeong to investigate 20 stations that raised prices, emphasizing Nonghyup's responsibility given government support it receives
#YonhapInfomax #PresidentLeeJaemyung #Nonghyup #FuelPrices #BudgetGasStations #MaximumPriceSystem #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=110317
President Lee Criticizes Nonghyup Over High Fuel Prices at Budget Gas Stations

President Lee Jae-myung criticized Nonghyup gas stations for failing to lower fuel prices despite maximum price controls, instructing Agriculture Minister Song Mi-ryeong to investigate 20 stations that raised prices, emphasizing Nonghyup's responsibility given government support it receives

Yonhap Infomax