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July

RMI Petrol to meet Treasury
27 June, 2011

RMI Petrol is preparing to meet with the Treasury at the end of this month to give its views on the government's outline proposals for a Fair Fuel Stabiliser. The Coalition proposes to replace the Fuel Duty Escalator introduced by the previous government with a Fair Fuel Stabiliser that will see the 1ppl duty increase scrapped if the global price for crude oil increases above a certain level.

Retailers keen to offer Essentials
27 June, 2011

More than 100 independent BP retailers have expressed interest in the company's new Essentials convenience offering, launched at the recent BP dealer convention in Athens. The new offer will operate alongside the Wild Bean Café concession, and form part of BP's new Advanced Dealer Offer which includes fuel and the Nectar loyalty scheme. The company describes the package as a "market-leading combination of assets". The Essentials brand is designed to enable BP's independent network to benefit by sharing in the marketing, operational and trading benefits of a more consistent look and feel in-store across the network.

It's all TORQ about MRH in Scotland as new brand appears on five forecourts
27 June, 2011

MRH (GB) is sporting its own new fuel brand TORQ on five forecourts in Scotland, in the absence of a competitive oil company deal. "It's more of a badge than a brand at the moment, but we may develop it further in the future," said John Lynn, the company's managing director. "We're certainly not going own-branded, but we're using the Torq brand where we can't get what we deem to be a competitive quote from our traditional suppliers. It's something in our armoury to have available when we need it," he stressed."It fits in with our thinking at the moment and we may look to brand more sites in other areas where it makes sense."

CHRIS HUNT
27 June, 2011

In recent weeks there has been much debate in the media about pump prices and the speed with which reductions in crude prices are reflected on the forecourt.

Lords dismiss ban on forecourt booze sales
27 June, 2011

Peers in the House of Lords have dismissed an amendment prohibiting the sale of alcohol in forecourts as part of the Committee stage of the Police Reform and Social Responsibility Bill.

Lower carbon world won't happen overnight
27 June, 2011

The transition to a lower carbon environment presents its own challenges and is not going to happen overnight, stated UKPIA president, Brian Worrall, at the launch of the organisation's 2011 Statistical Review of the downstream oil industry.

£3m investment to boost terms
27 June, 2011

Spar wholesaler AF Blakemore has pledged to invest £3m to bring independent retailers savings worth an average of £7,000 per store.

Spar pledges bigger bonus
27 June, 2011

Spar wholesaler James Hall is relaunching its Harvest Scheme, an initiative set up in 2006 to reward retailer loyalty and encourage investment in stores. The company has pledged to double the amounts retailers have earned on the scheme, using its own money.

Pittvale Service Station, Winchester, Hampshire
27 June, 2011

GENERAL APPEARANCE: The Pittvale Service Station situated on the busy Romsey Road (A3090) one of the main entry routes into Winchester is just over a mile from the city.

Director's loan accounts need careful consideration
27 June, 2011

A considerable proportion of our clients have financial year-ends running to either March 31 or April 30, in common with a lot of other small/medium businesses in general. In practice that means that around this time of year many accountants start seeing their clients' end-of year paperwork come into the office to be turned into financial statements and business tax computations that eventually have to be filed with HMRC, Companies House etc. One subject that has come up more and more frequently when doing this work is that of director's loan accounts which clearly relates to limited companies, but in principle very similar issues can arise with businesses run as ordinary unincorporated partnerships.

When a major car manufacturer like Ford predicts that sales of its electrified cars will outnumber petrol and diesel models by 2022, does that ring alarm bells about the possible speed of change for forecourts?