The Petrol Retailers Association (PRA) have warned of an impending price hike on the forecourt. Brian Madderson, PRA Chairman said:
This is really bad news for motorists and retailers alike. The full effect of the wholesale price increase of nearly 10pence per litre (ppl) since late June has yet to be passed on at the pumps. Average pricing for petrol across the UK has now risen to 136ppl and could yet return to 140ppl by the end of August. This will affect the many families that have planned to take a post-Olympic holiday.
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The AA has warned that the cost of petrol is set to rise again with predictions that prices will reach a record high by the end of August.