Dery up, but price stable
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DERV PRICES rose again last week, but operators are probably paying only slightly more now than they were at the beginning of the year.
Major suppliers increased prices by around 1.5p per litre (6.8p per gallon), although much of the rise is believed to have been countered by
big
ger rebates.
Market prices for larger
volume commercial buyers is around 33,5p against 32.5p/ litre (I47.7p per gallon) on January I, a spokesman for London consultancy Oil Price Assessment told CM.
Prices were rising at the beginn tug of the year and peaked in late February at 36 p/litre owing to cold weather. and the miners' strike. Then they fell continuously until early August, when dery was being bought typically for 31 pilitre.
By the end of September dery was up to 32 pllitre and has continued to rise to its present level, he said.
Esso confirmed this week that oil companies' schedule and market prices Arc largely the same now 3.ti they were at the beginning of the year.
• International Road Transport Union (I RU) figures show that the pump price of dery in Britain rose by 145 per cent between December 1978 and this month.