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Panic buying leaves up to 90% of fuel pumps dry in UK cities

Published : Monday, 27 September, 2021 at 6:03 PM  Count : 331

Panic buying leaves up to 90% of fuel pumps dry in UK cities

Panic buying leaves up to 90% of fuel pumps dry in UK cities

Up to 90% of British fuel stations ran dry across major English cities on Monday after panic buying deepened a supply chain crisis triggered by a shortage of truckers that retailers are warning could batter the world's fifth-largest economy.

A dire post-Brexit shortage of lorry drivers emerging after the COVID-19 pandemic has sown chaos through British supply chains in everything from food to fuel, raising the spectre of disruptions and price rises in the run up to Christmas.

Just days after Prime Minister Boris Johnson's government spent millions of pounds to avert a food shortage due to a spike in prices for natural gas, the biggest cost in fertilizer production, ministers asked people to refrain from panic buying.

But queues of dozens of cars snaked back from petrol stations across the country on Sunday, swallowing up supplies and forcing many gas stations to simply close. Pumps across British cities were either closed or had signs saying fuel was unavailable on Monday, Reuters reporters said.

The Petrol Retailers Association (PRA), which represents independent fuel retailers which now account for 65% of all UK forecourts, said members had reported that 50% to 90% of pumps were dry in some areas.

"We are unfortunately seeing panic buying of fuel in many areas of the country," Gordon Balmer, executive director of the PRA, who worked for BP (BP.L) for 30 years, told Reuters.

"We need some calm," Balmer said. "Please don't panic buy: if people drain the network then it becomes a self-fulfilling prophecy."

Environment Secretary George Eustice said there was no shortage of fuel, urged people to stop panic buying and said there were no plans to get the army to drive trucks, though the Ministry of Defence would help with trucker testing.

Hauliers, gas stations and retailers warned that there were no quick fixes, however, as the shortfall of truck drivers - estimated to be around 100,000 - was so acute, and because transporting fuel demands additional training and licensing.

Reuters/GY



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