UK Petrol Retailers Call for Fuel Duty Freeze
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Monday, 13 October 2008 |
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Petrol Retailers Association calls for a freeze on fuel duty to help reduce prices at the pump.
Ray Holloway, director of the Petrol Retailers Association (PRA),
said: "Gordon Brown always has the ability to reduce fuel prices
through a fuel tax reduction, but avoids it. "The price of fuel at the
pump is influenced by a range of factors beyond just the price of a
barrel of oil but despite this, forecourt retailers have still managed
to reduce the cost of fuel to the motorist at the expense of their own
profit margin during recent weeks.
"Prices for crude oil and forecourt fuel are obviously linked but they
do not move in tandem. Therefore they do not automatically move up or
down at the same time."
A PRA spokesman added that oil price changes typically take between six
to eight weeks to filter down to the service station network.
Supermarket giant Tesco lowered unleaded and diesel by 3p across its
430 UK forecourts on Friday. It follows a penny cut by rival Asda at
the start of this week, and price drops made by a host of retailers
last month.
PetrolWorld 121008
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