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OKQ8 says war triggered fuel hoarding

Economy & businessEconomy
OKQ8 says war triggered fuel hoarding
Key Points
  • War in the Middle East and rising oil prices caused some fuel hoarding, says OKQ8.
  • Business customers made large withdrawals due to price, not shortage.
  • High prices led to decreased fuel purchases by private motorists.

The outbreak of war in the Middle East and rising oil prices led some customers to begin hoarding fuel, according to OKQ8. The company's press spokesperson, Jesper Ekström, stated that there has been some hoarding, with many customers filling up as prices were rising. He noted that business customers are making very large withdrawals, driven by price rather than shortage.

After prices rose sharply for several weeks, the high prices have now led to private motorists filling up less, as seen in the company's sales statistics.

There has been some hoarding, with many customers filling up as prices were rising.

Jesper Ekström, press spokesperson for OKQ8

Business customers are making very large withdrawals, driven by price rather than shortage.

Jesper Ekström, press spokesperson for OKQ8

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