Fuel price increases ‘to be seen in the coming days’

28th January 2013

Fuel prices across the UK could increase by as much as 4p per litre "in the coming days", motorists have been told.

The Petrol Retailers Association (PRA) has issued the warning as it pointed out that wholesale petrol and diesel prices have already jumped by 5p a litre since Christmas.

As such, the organisation has predicted that forecourts nationwide are set to pass on these increased costs to motorists in the immediate future.

In making its bold forecast, the PRA underlined that fuel retailers have been trying to absorb the costs as much as possible, but concluded that this strategy has reached a pinnacle point.

Brian Madderson, the motoring association's chairman, said as much: "Independent retailers have been soaking up this increase at the expense of already tight margins because they know how hard the motorist is squeezed. But the floodgates will have to open soon."

The AA has also weighed in on this topic by warning that petrol prices are indeed on the rise again across the UK, following three months of falling costs.

In making its own prediction, the organisation was also keen to attack those in the fuel industry for failing to fully pass on a 2p fall in diesel wholesale costs throughout November and December.

ATS Euromaster is eager to give motorists a helping hand with its wide range of cheap and reliable tyres.
 

Posted by Increases in wholesale petrol and diesel prices are set to be felt by motorists in the very near future