All PRA articles – Page 17
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News
PRA slams claims of profiteering
The PRA has reacted furiously and accused the RAC of an alarming lack of research after it claimed retailers are profiteering on diesel and taking high margins because much of the diesel sold goes to business users who are less price sensitive. RAC fuel spokesman Simon Williams said: "It’s hard ...
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News
PRA issues urgent warning over ATM rates appeals
Retailers are being warned that if they have received backdated rates bills for ATMs they only have until March 31 to lodge an appeal. PRA chairman Brian Madderson said he had received calls from retailers who had received bills for £12-14,000, covering the period back to 2010. He said it ...
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NewsPRA describes RAC diesel accusation as nonsense
The PRA has reacted furiously and accused the RAC of an alarming lack of research after it claimed retailers are profiteering on diesel and taking high margins because much of the diesel sold is to business users who are less price sensitive. RAC fuel spokesman Simon Williams said: “It’s hard ...
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News
PRA calls for ATMs to be exempt from business rates
The PRA has joined the ATM Industry Association (ATMIA) in calling for ATMs to be exempt from business rates. PRA chairman Brian Madderson sees business rates exemption as a crucial matter. He said: “The economics of running petrol forecourts are very fragile. That is why thousands have closed in the ...
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NewsPRA welcomes cancellation of fuel duty increase
The PRA has welcomed the announcement in today’s Budget that the fuel duty increase which was scheduled for September has been cancelled. Chancellor of the Exchequer George Osborne said this means there has been the longest fuel duty freeze in more than 20 years and as a result a driver ...
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News
New-style PRA regional forum at Plymouth
The next event in the PRA’s programme of new-style regional forums will be held at Plymouth on Thursday March 19. PRA chairman Brian Madderson said: “After listening to members’ views, we have changed the format of these events in 2015 so that the focus is more on networking and interactive ...
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Analysis
Brian Madderson: chairman PRA
The extraordinarily steep decline in Brent Crude from $115 per barrel last June to $45 per barrel by mid-January was predicted by very few (if any) analysts, traders or oil companies, tempting the same scribes to pen their best guesses for 2015. The recent Bloomberg headline which read "analysts are ...
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News
New-style PRA regional forum makes its debut
The first of the PRA’s new-style regional forums will be held at Milton Keynes on Thursday February 26. PRA chairman Brian Madderson said: “After listening to members’ views, we have changed the format of these events in 2015 so that the focus is more on networking and interactive exchange of ...
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NewsFuel prices set to rise predicts PRA
Petrol prices are set to rise after a hefty increase in wholesale prices over the last week, and predictions of less than £1 per litre are likely to be thwarted, according to the PRA. As oil prices plunged during the autumn average pump prices fell by around 23ppl, but from ...
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News
PRA meets minister to press its case for 2ppl cut in duty
The PRA has met with the Exchequer secretary Priti Patel to press its case for a 2ppl cut in fuel duty funded by a tax windfall from the increased fuel volumes. At the meeting the PRA provided an analysis of Government data showing the overall volume of road fuels supplied ...
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News
PRA presses for 2ppl duty cut at Treasury meeting
The PRA has met with the Exchequer secretary Priti Patel to press its case for a 2ppl cut in fuel duty funded by a tax windfall from the increased fuel volumes. At the meeting the PRA provided an analysis of Government data showing that the rapid fall in crude oil ...
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News
PRA hails volume increase
There has been a 1.5% year-on-year increase in retail and commercial road fuel volumes the first increase since 2008 according to the latest fuel statistics issued by the Department of Energy and Climate Change (DECC), driven mainly by record diesel volumes.Brian Madderson, chairman of the Petrol Retailers Association, ...
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NewsPRA dismisses Chancellor’s price warning
A warning that lower oil prices must be passed onto consumers by the Chancellor George Osborne is being interpreted as being aimed at the energy companies by PRA chairman Brian Madderson. Yesterday the Chancellor tweeted “Oil price was $53 pbl last night - lowest in 5yrs. Vital this is passed ...
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NewsBusiness rates discount boost welcomed by PRA
The PRA has welcomed an upgrading of the discount on business rates announced in the Chancellor’s Autumn Statement. The discount scheme, which was introduced in the 2013 Autumn Statement, provided £1,000 discount for premises involved with retail, food and drink subject to a rateable value (RV) of £50,000 or less ...
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News
Payday from spray
There’s no denying that in recent times car washes have taken a pounding from unfair competition. But unlike the fuel side of the business, where supermarket giants have been using their financial muscle to undercut the rest of the market, it has been hand-wash minnows, often dodging the costs of ...
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NewsPRA claims credit for continued fuel duty freeze
The PRA is claiming credit after the Chancelllor George Osborne revealed that he had resisted the temptation to increase fuel duty in his Autumn Statement. In his address to Parliament, the Chancellor said: “Despite falling fuel prices let me make this clear. We’ve cut fuel duty and we will keep ...
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Analysis
Brian Madderson - Chairman PRA
This year could mark a watershed for the beleaguered independent sector with several structural changes swiftly impacting prospects. The oil companies continue their orderly retreat from direct retailing (Murco, Esso, Shell) and we have been monitoring these disposals carefully. We predict that the independent sector could increase to more than ...
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NewsForecourt owners praise support from their bank
The owners of two forecourts in Buckinghamshire have praised their bank for its support, particularly after flooding at the start of this year hit their income. The owners of Pedestal Garage, High Wycombe, and Datchet Green Service Station, near Windsor, moved to HSBC four years ago after feeling under pressure ...
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News
Heaps of praise for Wayne’s new dispensers
Wayne Fueling Systems has said it has received positive feedback from the first customer installations in the US for the Wayne Ovation2 fuel dispenser. It said the feedback confirms that the Ovation2 fuel dispenser, which it says is among the most advanced dispensers ever built, helps fuel site operators build ...
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NewsPRA attacks Government stance on fuel prices
The PRA has attacked the Government’s stance on fuel prices following warnings by the Treasury to pass on cost savings to motorists. Chief secretary to the Treasury Danny Alexander has vowed to write to all main fuel suppliers and distributors for “assurance” that they will pass on the benefits of ...