BusinessAdmin•BBC Business RSS•20 hours ago
Petrol Retailers Face Increased Losses Due to Rising Fuel Costs and Theft
Petrol retailers are experiencing a rise in thefts, with one retailer facing multiple drive-offs weekly, leading to significant financial losses amid rising fuel costs linked to the Iran conflict.
- • Petrol thefts have significantly increased, with one retailer reporting around five drive-offs weekly at each of his stations.
- • The surge in fuel prices, driven by the ongoing conflict in Iran, is exacerbating the issue for petrol retailers.
- • These thefts are resulting in substantial financial losses, amounting to thousands of dollars for affected businesses.
Source: BBC Business RSS
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