Government must act on rising cost of fuel

Published 15/03/2013 00:00:00 in Press Releases

“Government must take decisive action on high fuel costs in the upcoming Budget” said Brian Madderson, Petrol Retailers’ Association (PRA) Chairman.


Following their Budget submission last month the PRA has been conversing with Sajid Javid MP, Economic Secretary at the Treasury, on ways the Government can help to relieve the financial pressures caused by the rising cost of fuel on both businesses and consumers.


The PRA are calling on Government to not only cancel the planned duty rise for 1 September 2013 but to announce a 2 pence per litre (ppl) duty cut in the Budget. The PRA also believe that this reduction in duty should not be implemented until 1 April 2013.


Madderson continued “Whilst it is very important that the Government take the step to cut duty, it is vital that the implementation of such a cut is delayed.


“Independent fuel retailers pay excise duty in advance so will be unable to pass this on immediately. Once forecourt stocks are replenished with fuel at the lower duty rate, fuel retailers will then reduce pump prices accordingly.


“Against the PRA’s advice, the Chancellor chose to implement the previous duty cut at 6pm on Budget Day and was roundly criticised by the media when the cut failed to be introduced by forecourts straight away.”

ENDS


NOTES TO EDITORS: Brian Madderson is available for interview. Please contact the press office.

Tel: 020 7307 3410

Mob: 07825 097697

Press Office direct line: 020 7307 3422

Press Office fax: 020 7307 3592

Web: www.rmif.co.uk Email: press@rmif.co.uk

The Retail Motor Industry Federation represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.

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