The Welsh Conservatives are today calling on the Chancellor to cut fuel duty in this week’s Spring Statement to help families with the cost of living amid increasing diesel and petrol prices. Wales’ Shadow Finance Minister has said cutting prices at the pump will help people keep more of their money, allowing them to save more for other essential expenditure. It will also help boost the economy … [Read more...]
Soaring fuel prices need Government action
The average price of petrol across the UK has jumped by more than 4p in a week topping £1.55 for the first time ever. It means a gallon costs over £7 – something which many older drivers will be struggling to comprehend. Diesel, however, has increased by 6.5p a litre to £1.61 or £7.30 a gallon. RAC fuel spokesman Simon Williams said,“These hikes are unprecedented and will sadly be hitting both … [Read more...]
No justification for fuel pump rises, says RAC
The RAC is urging retailers to hold firm and not hike pump prices, despite a barrel of oil nearing $100 – a price last seen in September 2014, nearly seven and a half years ago. The cost of oil has increased by more than 60% in the last 12 months, from around $60 last February, due to global oil production continuing to be out of kilter with demand which is now increasing as the pandemic begins … [Read more...]
Drivers in line for fuel price cut
Virtually static petrol prices in October should give way to pump price cuts of up to 5p per litre within the next two weeks, according to RAC Fuel Watch, with Asda already leading the charge with a fuel price cut this morning. Although the price of a litre of petrol was practically unchanged for a second month running at a little over 114p on average last month (114.53p at the start of the … [Read more...]