9/23/2021, 2:56 PM (Source: TeleTrader)
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Chart for: BP PLC $0.25

BP to ration fuel supplies due to driver shortage

BP has informed the United Kingdom government that it will only be able to ensure continuity of supply if it restricts petrol and diesel deliveries, according to a report by ITV on Thursday.

The oil giant's delivery capacity is being hamstrung by an ongoing shortage of heavy goods vehicle (HGV) drivers. BP's head of UK retail Hanna Hofer reportedly told the Cabinet Office that the situation was "bad, very bad" and pleaded with officials to grasp the "urgency of the situation."

UK small business minister Paul Scully told ITV that "we are concerned about BP and other sectors where we are hearing those stresses coming to bear," but that "we also want to see what the industry/sector can do for themselves."

Baha Breaking News (BBN) / IB