PRA STATES CONSUMERS NOT THE ONLY WINNERS FROM FUEL PRICE DROP

Published 18/12/2014 00:00:00 in Press Releases

The latest fuel statistics issued today by the Department of Energy and Climate Change (DECC) have confirmed that due to an improving economy and falling wholesale prices, throughout the second half of this year,  there has been a 1.6% year-on-year increase in retail and commercial fuel volumes in the last quarter.

Brian Madderson, Chairman of the Petrol Retailers Association, commented “petrol retailers have confirmed that there has been a steady improvement in traffic flow and spend through the year, so we are not surprised by the increase.

“The rapid drop in pump prices, which has been embraced by independent forecourt operators, is good news for motorists and businesses.. It is also good news for the Government who will benefit this calendar year by at least £700 million from the extra fuel duty on the increased volumes.”

Madderson continued “If this Government really wants to demonstrate that they support motorists and businesses, they could now afford to incorporate a cut in duty, within the April 2015 Budget.”

 

ENDS

NOTES TO EDITORS:

Katy Recina, Press Officer
Tel:      020 7307 3422
Mob:    07766022583

Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk  Email: katy.recina@rmi.co.uk

The Retail Motor Industry 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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