PRA COMMENTS ON LATEST RAC FUEL ANALYSIS

Commenting on the latest press release from the RAC, Gordon Balmer, Executive Director of the Petrol Retailers Association said: 

"We have been working closely with both the Competition and Markets Authority and the Department of Energy Security and Net Zero as they develop their fuel price transparency scheme. Amidst a cost-of-living crisis, the PRA is doing all it can to ensure that motorists have access to the best information possible.

“It is disappointing that as we work constructively with the relevant Government departments to find a solution, we are forced to constantly correct the record.

"I have extended yet another invitation to the RAC to offer a comprehensive understanding of the cost pressures our members face. Our independent retailers operate in a dynamic market, consistently striving to provide fair and competitive prices to consumers."  

"Our members are small businesses that have worked hard to keep their communities fuelled and fed. Retailers operate on razor thin margins to stay competitive, despite having to content with the recent increases in fixed costs." 

"The PRA has offered its full support and cooperation to the Competition and Markets Authority as it develops its fuel price transparency scheme to help motorists find the best deals available to them." 

Balmer concluded:   

"In the face of ongoing market volatility, our retailers remain steadfast in their commitment to ensuring customers receive the best deals possible. We urge the RAC to accept the invitation to engage in collaborative discussions, fostering an environment of cooperation and shared insights to benefit both the industry and consumers."