The imminent fuel price hikes largely attributed to the conflict in the Middle East are about to make their impact on the Building Industry with fuel prices, both petrol and diesel, set rise dramatically on Wednesday, April 1st, 2026.
The unforeseen expenses and/or losses related to the surge in global fuel prices could, in many cases, not have been reasonably foreseeable at the tender stage and would therefore most likely not have been provided for in the contract sums of contractors, subcontractors and material suppliers, etc.
The big question is how contractors can recover the significant unexpected additional input costs and deal with the risk of potential delays due to fuel scarcity.
