RAC response to potential fuel price rise

RAC technical director David Bizley said: “It’s hugely disappointing for motorists that another painful price rise is looming, particularly as it comes so quickly after the good news that the Government has scrapped the planned January 3p fuel duty increase.

ldquo;It would, however, be extremely ironic if a price rise was to hit in the very week the Office of Fair Trading plans to publish the findings of its review of UK fuel prices.

“We hope the OFT’s findings will finally bring some much-need transparency to fuel pricing. While people understand petrol retailers’ need to raise prices when industry wholesale costs go up, it is extremely frustrating to watch prices go up far faster than they ever come down.

Rising fuel prices cause economic hardship for millions and hinder the growth of the economy, and for the tens of millions of households who rely on their car, this news could not have come at a worse time.”