Petrol prices likely to rise for North Lincolnshire motorists
NORTH Lincolnshire motorists could soon be facing higher petrol costs, after warnings that prices are on the rise.
Following more than three months of falling cost at the pumps, petrol prices are expected to rise by 4 pence a litre in the next few days as retailers pass on increased wholesale costs to motorists, media reports.
The rise, forecast by the Petrol Retailers Association (PRA), would add £2 to the cost of filling a Vauxhall Astra.
However the AA, which forecast a small rise of about 2.5 pence a litre, accused the industry of failing to pass on recent falls in wholesale prices to motorists as quickly as increases.
Business Cards From Only £10.95 Delivered www.myprint-247.co.ukView details
Contact: 01858 468192
Valid until: Friday, May 31 2013
Edmund King, the AA's president, said: "Another new year, another new round of pump price rises after the industry failed to pass on fully wholesale price savings. The Office of Fair Trading decides soon whether to launch an investigation into fuel prices, hopefully tackling the fuel industry's treatment of drivers, consumers and businesses.
"The insight we are now getting on wholesale price movements rams home the need for this information to be out in the public domain immediately. Wholesale petrol prices turned upward in the first week of January, average pump prices six days later. If falls in wholesale were reflected as quickly, no-one would mind - but they're not."