S&P Global Platts UK diesel methodology changes - June 2022

S&P Global Platts recently announced a change to the methodology used to calculate the Platts UK Diesel quotation.

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Easter 2022 Opening Hours

Please be advised that our Easter 2022 opening hours for all depots are as follows:

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UK fuel duty changes

The Government has today announced a reduction in fuel duty, effective from 6pm on 23rd March 2022 and in place until March 2023. Here’s what this announcement means for our customers.

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Recognising our customers’ carbon offset fuel purchases

Earlier this month, we sent out Carbon Offset Fuel certificates to customers who had offset their fuel use in 2021.

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UK fuel supply and pricing – an update

As has been widely reported in the media, we are seeing significant volatility in global oil pricing and, as a result, sharp increases in the price of all UK fuel grades.

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Watson Petroleum started in 1957

The initial expansion of the company began in the 1960s, with depots being set up in Swindon, Oxford, Theale and Bletchley.

When Regent Oil was taken over by Texaco, Watson Petroleum soon became Texaco's largest authorised distributor in the UK.

In the 1970s Watson Petroleum moved into new areas of business, with the acquisition of a number of service stations and a Calor Gas dealership in the south-west of England. Geographically Watson Petroleum expanded into Somerset, Devon, Cornwall, Dorset and Hampshire. A spread of business northwards was a feature of the company's expansion in the 1980s as Watson Petroleum built up important strongholds around the rural areas of England.

The development of systems to support and enhance the business played an important part of Watson Petroleum's continued growth throughout the 1990s.

As the millennium approached Watson Petroleum continued to open new depots in existing areas like Devon and took the opportunity to branch into new areas of the country such as Ledbury, Stoke, Louth and Wisbech.

In 2006, the company underwent a major change in corporate identity, the word 'Petroleum' was dropped from the name and a new logo adopted.

By the end of the first decade of the 21st century, Hall Fuels, Minster Fuels, Hardy Craske, Shelford Energy and Keltic Fuels had been acquired. The new decade saw further expansion into Wales, Yorkshire, Teeside, Essex and Kent. We have also sought to improve our offerings for lubricants, fuel cards and national accounts. Watson Fuels has always looked ahead and will continue to do so, utilising fully the opportunities presented by technology for new products and routes to market.

2014 saw Watson Fuels acquired by World Fuel Services, a Miami-based global fuel solutions provider. The ethos and customer orientated philosophy which was there at the founding of Watson Fuels continues in this new era.

In 2017 Watson Fuels celebrates 60 years of servicing customers old and new with their fuel and lubricant needs.


Working with Watson

Watson Fuels currently employs over 700 people and is recognised for being one of the UK’s leading distributors of land fuels.

It is part of the wider World Fuel Services Group, a Fortune 500 company providing land, marine and aviation energy, logistics, and technology solutions to customers and suppliers around the world.

If you would like to be part of our rapidly expanding Company, take a look at our vacancies posted at:

 Current vacancies include Driver (HGV) positions throughout the UK.

Our journey

We're proud to say we've been Carbon Neutral since 2019

We’ve offset the carbon footprint of our operations as part of our wider sustainability strategy

As a division of World Fuel Services, we strive to create a more environmentally and socially sustainable world through our actions, investments and energy solutions. In 2019, we became a signatory to the United Nations (UN) Global Compact – a voluntary initiative based on CEO commitments to implement universal sustainability principles and to take steps to support UN goals.

We're taking the necessary steps to make our operations more sustainable while supporting people around the world on the same journey.

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