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NewsPRA chairman predicts record prices at the pumps by the end of the month
New record high pump prices for petrol and diesel are almost certain to be set before the end of the month, according to PRA chairman Brian Madderson.
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RAC calls for temporary cut in VAT as fuel prices near record levels
The average price of a litre of petrol sold on UK forecourts has reached its highest level since September 2012 - 140.22p - reports RAC Fuel Watch.
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Warning fuel prices will rise more quickly as a result of fuel crisis
PRA chairman Brian Madderson has warned government and media that rising wholesale prices of both petrol and diesel will feed through to the forecourts much more quickly than usual because of the recent fuel crisis.
More Fuel Prices
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PIPELINE: Refined products market is improving
The health of the European refined products market is steadily improving as vaccine roll-outs continue to gather pace and demand slowly returns, but plenty of hurdles remain before the industry can breathe a sigh of relief.
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PIPELINE: Tight fuel supply outweighs demand
Low refinery runs and firm export demand have tightened European road fuel supply this winter, even as strict Covid-19 travel restrictions returned. European refineries responded to the return of Covid restrictions by slashing runs on an unprecedented level.
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