oil trade News & Analysis

Fuel Prices Surge: Home Care Workers Face Increased Costs

Home care worker Kevin Brewer reports that fuel prices have surged, increasing his petrol costs from £30 to £70 every two days. This rise impacts care providers, with the Independent Health & Care Providers (IHCP) calling for government action. The Department of Health acknowledged the 'significant impact' of fuel price volatility on service providers. Additionally, the closure of the Strait of Hormuz has halted around 20% of global oil trade, exacerbating the situation, as petrol was previously averaging 124.8p per litre.