Automotive Industry Digest

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‘Pump Fiction’ Current petrol and diesel prices were today described as ‘pump fiction’ by the AA 

Petrol crept up to 191.05p per litre yesterday and diesel to 198.96p per litre*.

Petrol wholesale price has recovered some cost but remains essentially 5p a litre cheaper than the early June peaks yet there are still record prices at the pumps.

Diesel has shown some wholesale price reductions but over a shorter period to a lesser extent. The Prime Minister has hinted at action but hints don’t pay the bills, said the AA.

Edmund King, AA president, said: “The pump prices are now more like ‘pump fiction’ as they don’t reflect the general downward trends we have been seeing in wholesale prices. This is now an urgent situation. The Prime Minister has hinted at action but we need more than hints. Pressure to force price transparency and a cut in duty would be a step in the right direction.”

*Article Source

Automotive Industry Digest

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