PRA warns of fuel price rise
“The double impact of the pound weakening against US$ and global oil prices strengthening will cause pump prices to move sharply upwards,“ said Brian Madderson, chairman of the Petrol Retailers Association (PRA).
“The double impact of the pound weakening against US$ and global oil prices strengthening will cause pump prices to move sharply upwards,“ said Brian Madderson, chairman of the Petrol Retailers Association (PRA).
The Petrol Retailers Association (PRA) has written to Andrew Jones MP, Parliamentary under Secretary of State for Transport, raising their concerns that government ministers are drawing up plans to introduce new ‘green petrol’, in a move which will push up costs for UK fuel retailers and may force some out of business.
Petrol retailers across the UK are doing everything in their power to hold down pump prices as the summer driving season continues after the Easter holidays, said the Petrol Retailers Association (PRA).
Petrol retailers’ chief Brian Madderson has called on the chancellor to “keep fuel duty down” in this month’s Budget. Five years ago, the chancellor froze fuel duty, a move the PRA said led to “more goods being purchased and more people being hired.” The PRA has long lobbied for either frozen or reduced fuel duty on the basis that this helps to increase business and consumer spending.
The Petrol Retailers Association (PRA) has announced that Brian Madderson has agreed to continue his role as Chairman of the Association, following a meeting with PRA Executive Committee.
Madderson comments, “Since 2010, the PRA has retained 90 per cent of the top 50 independent petrol retailers in membership, with sites numbering ing over 3,000. Regional committees have been established in both Northern Ireland and Scotland, and we have formed positive relations with key government officials and politicians in all four home countries.
The Petrol Retailers’ Association has welcomed the chancellor’s Budget announcement that fuel duty will be frozen, while expressing disappointment that there was no cut. Brian Madderson, chairman of the Petrol Retailers Association comments: “The PRA has been lobbying Government and the Treasury on the subject of fuel duty, so it is good news to hear the chancellor’s announcement.
The Petrol Retailers Association (PRA) has raised their concerns following news that a UK police force has declared that driving away from a petrol station without paying for fuel is no longer considered a crime. Devon and Cornwall Police said it would not investigate such incidents unless there was obvious proof of criminal intent – such as false number plates – and the force has blamed government cuts for the decision.
The Petrol Retailers Association (PRA), which represents Britain’s 5,400 independent petrol filling stations, has joined the ATM Industry Association (ATMIA) in calling for ATMs to be exempt from Business Rates.
Just last week Energy Minister Amber Rudd raised the prospect of petrol costing less than £1.00/litre ahead of the general election as crude prices continued to fall. However from a low point of $45/barrel for Brent Crude in mid-January, there has been a significant rally back to $54/barrel this week. The point is that this makes is less likely that fuel will get as low as a pound a litre any time soon.
Following the Petrol Retailers Association’s (PRA) meeting with the Exchequer Secretary Priti Patel last week, the PRA is urging the UK Treasury to pass on the benefits of increasing fuel volumes, by immediately cutting fuel duty by 2 pence per litre.
“As Australia’s largest supermarkets cease making fuel offers after a watchdog deems that offering customers discounted petrol is a threat to competition, it is imperative that the Office of Fair Trading (OFT) re-open their investigation into the UK fuel market” said Brian Madderson, Petrol Retailers’ Association Chairman.
The Petrol Retailers Association (PRA) has recently outlined initiatives to the Minister for Energy & Business, Michael Fallon, that will improve fuel supply resilience and encourage investment in petrol forecourts at zero cost to the Treasury. More than 5000 sites (62 per cent of UK total) are still owned by independent businesses but numbers have been declining for many years.
The Petrol Retailers’ Association (PRA), the trade body representing independent forecourts in the UK, welcomes new legal guidelines from the Crown Prosecution Service calling for fuel thieves to be prosecuted.
The Petrol Retailers’ Association (PRA) has welcomed the announcement that the Chancellor George Osborne MP has pledged in his keynote speech at the Conservative party’s annual conference, to freeze fuel duty until the next election in May 2015, meaning that the planned duty rise of 2 pence per litre in September 2014 is unlikely to go ahead.
"The sudden price hike in both Brent crude oil and UK wholesale fuel prices has thankfully receded as the likelihood of US and UK intervention in Syria subsides. This once again demonstrates the volatility of the UK's road fuels market as traders and speculators cause instability in prices" said Brian Madderson, of the Petrol Retailers' Association, commenting on the latest inflation figures.
If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.