Multiple transport operators across the UK have introduced new or increased fuel surcharges to existing distribution tariffs as diesel prices continue to climb, many of which have already come into effect.

The increase in fuel costs follows disruption to global oil production and distribution in the Middle East. As a result, several UK transport providers have been announcing new surcharges, or increases to existing surcharges, that have taken effect from March 9th.

These notifications were starting to be received late last week when oil prices were trading at around $83 per barrel. However, over the weekend global oil markets surged again, with prices climbing to over $100 per barrel. This sharp increase suggests that additional diesel price rises and further fuel surcharge adjustments could also follow in the near future.

The impact of the conflict and higher oil prices is also being felt across ocean and air freight markets. Carriers have been introducing additional bunker surcharges and/or war and conflict-related surcharges, even on some trade routes not directly affected by the conflict. These measures are intended to cover the rising operational costs associated with fuel price volatility and changes in global shipping conditions.

The situation remains highly dynamic and continues to evolve rapidly. While the team at Unique is working closely with both national and international partners to minimise the impact on customers wherever possible, we have no alternative but to apply relevant surcharges to existing tariffs.

Please do not hesitate to contact a member of the Unique team for further information or clarification. In the meantime, developments in the conflict and the wider logistics sector will continue to be monitored closely.