Crisis, what crisis? Petrol retailers accused of profiteering

Petrol retailers have been accused of 'talking up a petrol crisis' in order to put petrol prices up last weekend.

The AA has said that despite only a very few stations actually running out of fuel because of the cold weather, the average price of petrol went up by nearly a penny a litre, making it the highest weekend rise in over two-and-a-half years.
People throughout the country have been forced into their cars as plunging temperatures have meant mass cancellations and delays across public transport.

AA president Edmund King said: "Drivers battled through snow last week, often on untreated roads, to get to work, only to be stung at the pump this weekend.

"Wholesale prices may have been going up with oil reaching a new high, but pump prices were already going up a fifth of a penny last week. Consumers want to know: what happened last weekend to cause such a big hike?"

Drivers will be further squeezed in the New Year when planned rises in tax on fuel come into action – fuel duty goes up by 0.76p and the 2.5% VAT rise will add nearly 3.5p to a litre of fuel on 1 January.

The average price of a litre of petrol currently stands at 120.07p according to the AA - perilously close to the record high of 121.61p seen in May this year.
Read Full Story Click here to comment