Warning over rising cost of petrol

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Warning over petrol price rise

The Petrol Retailers Association (PRA) have warned of an impending petrol price hike on the forecourt. The price of Brent Crude has increased by 10% in the last two weeks to $116 a barrel.

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The Petrol Retailers Association (PRA) have warned of an impending price hike on the forecourt. Brian Madderson, PRA Chairman said:

This is really bad news for motorists and retailers alike. The full effect of the wholesale price increase of nearly 10pence per litre (ppl) since late June has yet to be passed on at the pumps. Average pricing for petrol across the UK has now risen to 136ppl and could yet return to 140ppl by the end of August. This will affect the many families that have planned to take a post-Olympic holiday.

Last updated Sat 19 Jul 2014

Warning over petrol price rise