PRA RESPONDS TO RAC STATEMENT ON FUEL PRICES
PRA 05/10/2022
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Commenting on the latest RAC press release concerning pump prices, Gordon Balmer, Executive Director of the Petrol Retailers Association, said: “This year we have seen intense price volatility for petrol and diesel and prices are now back on an upward curve ahead of the OPEC+ meeting.” “To remain in business fuel retailers have had to contend with increased operating costs driven by a 40-year high inflation rate and these must be covered hence the need for increased fuel margins. An example is the tripling of energy costs for businesses as there wasn’t a price cap.” “We welcome the Government’s recently announced support for businesses energy bills, but this is for six months only. The PRA have been lobbying the Government to express the need for support beyond six months as Forecourts are crucial for the UK’s economy to continue to function.” Balmer continued: “I was pleased to see that the RAC have highlighted that independents and smaller forecourts are more competitive than the supermarkets. My advice to motorists is to shop around.”. ENDS NOTES TO EDITORS Annaluce Cavalmoretti Email: Annaluce.cavalmoretti@rmif.co.uk
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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.