Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > BP says nearly a third of its UK fuel stations running on empty
    Business

    BP says nearly a third of its UK fuel stations running on empty

    Published by maria gbaf

    Posted on September 27, 2021

    4 min read

    Last updated: February 2, 2026

    The image depicts a long line of cars waiting at a petrol station in the UK, highlighting the fuel shortages reported by BP. This situation arises from panic buying as motorists struggle to fill up amid ongoing crises in the fuel supply chain.
    Line of vehicles at a petrol station amid fuel shortages in the UK - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    BP reports 30% of UK fuel stations are out of main grades due to panic buying. Government suspends competition laws to ease shortages.

    BP Reports 30% of UK Fuel Stations Running Dry Amid Panic

    By William James

    BRIGHTON, England (Reuters) -BP said nearly a third of its British petrol stations had run out of the two main grades of fuel on Sunday as panic buying forced the government to suspend competition laws and allow firms to work together to ease shortages.

    Lines of vehicles formed at petrol stations for a third day running as motorists waited, some for hours, to fill up with fuel after oil firms reported a lack of drivers was causing transport problems from refineries to forecourts.

    Some operators have had to ration supplies and others to close gas stations.

    “With the intense demand seen over the past two days, we estimate that around 30% of sites in this network do not currently have either of the main grades of fuel,” BP, which operates 1,200 sites in Britain, said in statement.

    “We are working to resupply as rapidly as possible.”

    The fuel panic comes as Britain faces several crises: an international gas price surge that is forcing energy firms out of business, a related shortage of carbon dioxide that threatens to derail meat production, and a shortage of truck drivers that is playing havoc with retailers and leaving some shelves bare.

    Anglo-Dutch oil group Shell said that it had also seen increased demand for fuel.

    In response business minister Kwasi Kwarteng said he was suspending competition laws to allow firms to share information and coordinate their response.

    “This step will allow government to work constructively with fuel producers, suppliers, hauliers and retailers to ensure that disruption is minimised as far as possible,” the business department said in a statement.

    Transport minister Grant Shapps had earlier appealed for calm, saying the shortages were purely caused by panic buying, and that the situation would eventually resolve itself because fuel could not be stockpiled.

    “There’s plenty of fuel, there’s no shortage of the fuel within the country,” Shapps told Sky News.

    “So the most important thing is actually that people carry on as they normally would and fill up their cars when they normally would, then you won’t have queues and you won’t have shortages at the pump either.”

    After meeting Kwarteng, industry figures including representatives from Shell and Exxon Mobil Corp said in a joint statement issued by the business department that they had been reassured, and stressed there was no national fuel shortage.

    ‘MANUFACTURED SITUATION’

    Earlier, Shapps said the shortage of truck drivers was down to COVID-19 disrupting the qualification process, preventing new labour from entering the market.

    Others pinned the blame on Brexit and poor working conditions forcing out foreign drivers.

    The government on Sunday announced a plan to issue temporary visas for 5,000 foreign truck drivers.

    But business leaders have warned the government’s plan is a short-term fix and will not solve an acute labour shortage that risks major disruption beyond fuel deliveries, including for retailers in the run-up to Christmas.

    Shapps called the panic over fuel a “manufactured situation” and blamed it on a hauliers’ association.

    “They’re desperate to have more European drivers undercutting British salaries,” he said.

    An Opinium poll published in the Observer newspaper on Sunday said that 67% of voters believe the government has handled the crisis badly. A majority of 68% said that Brexit was partly to blame.

    Opposition Labour Party leader Keir Starmer, speaking at his party’s annual conference in southern England, said ministers had failed to plan for labour shortages following the 2016 Brexit vote and called for a bigger temporary visa scheme.

    (Reporting by William James and Elizabeth Piper; Editing by Angus MacSwan, Emelia Sithole-Matarise and Diane Craft)

    Key Takeaways

    • •BP reports 30% of UK stations out of main fuel grades.
    • •Panic buying leads to government suspending competition laws.
    • •Truck driver shortages exacerbate fuel supply issues.
    • •Government issues temporary visas for foreign drivers.
    • •Brexit and COVID-19 impact on driver availability.

    Frequently Asked Questions about BP says nearly a third of its UK fuel stations running on empty

    1What is the main topic?

    The main topic is the UK fuel shortage, with BP reporting nearly a third of its stations running out of fuel due to panic buying.

    2What caused the fuel shortage?

    The shortage is primarily caused by panic buying and a lack of truck drivers to transport fuel.

    3How is the government responding?

    The government is suspending competition laws to allow fuel companies to coordinate and issuing temporary visas for foreign drivers.

    More from Business

    Explore more articles in the Business category

    Image for Empire Lending helps SMEs secure capital faster, without bank delays
    Empire Lending helps SMEs secure capital faster, without bank delays
    Image for Why Leen Kawas is Prioritizing Strategic Leadership at Propel Bio Partners
    Why Leen Kawas is Prioritizing Strategic Leadership at Propel Bio Partners
    Image for How Commercial Lending Software Platforms Are Structured and Utilized
    How Commercial Lending Software Platforms Are Structured and Utilized
    Image for Oil Traders vs. Tech Startups: Surprising Lessons from Two High-Stakes Worlds | Said Addi
    Oil Traders vs. Tech Startups: Surprising Lessons from Two High-Stakes Worlds | Said Addi
    Image for Why More Mortgage Brokers Are Choosing to Join a Network
    Why More Mortgage Brokers Are Choosing to Join a Network
    Image for From Recession Survivor to Industry Pioneer: Ed Lewis's Data Revolution
    From Recession Survivor to Industry Pioneer: Ed Lewis's Data Revolution
    Image for From Optometry to Soul Vision: The Doctor Helping Entrepreneurs Lead With Purpose
    From Optometry to Soul Vision: The Doctor Helping Entrepreneurs Lead With Purpose
    Image for Global Rankings Revealed: Top PMO Certifications Worldwide
    Global Rankings Revealed: Top PMO Certifications Worldwide
    Image for World Premiere of Midnight in the War Room to be Hosted at Black Hat Vegas
    World Premiere of Midnight in the War Room to be Hosted at Black Hat Vegas
    Image for Role of Personal Accident Cover in 2-Wheeler Insurance for Owners and Riders
    Role of Personal Accident Cover in 2-Wheeler Insurance for Owners and Riders
    Image for The Young Rich Lister Who Also Teaches: How Aaron Sansoni Built a Brand Around Execution
    The Young Rich Lister Who Also Teaches: How Aaron Sansoni Built a Brand Around Execution
    Image for Q3 2025 Priority Leadership: Tom Priore and Tim O'Leary Balance Near-Term Challenges with Long-Term Strategic Wins
    Q3 2025 Priority Leadership: Tom Priore and Tim O'Leary Balance Near-Term Challenges with Long-Term Strategic Wins
    View All Business Posts
    Previous Business PostChina welcomes Huawei executive home, Trudeau hugs Canadians freed by Beijing
    Next Business PostUK’s Labour would target online firms to help high street retailers