“As it has been widely publicised, the tensions between Russia and Ukraine have pushed the price of oil to a seven-year high.
As the situation unfolds over the coming days, the price of oil will be subject to further volatility. Other key factors to consider include continued tightness in the oil market and the Dollar-Sterling exchange rate.
The PRA, which represents independent retailers, will continue to ensure that the price of fuel is as competitive as possible”.
Gordon Balmer, Petrol Retailers Association (PRA) Executive Director
The PRA represents independently owned forecourts which accounts for around 65% of forecourts and about 35% in terms of market share.
About the RMI
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.