The Petrol Retailers Association (PRA) has dismissed industry anger over the time taken for falling oil prices to be passed on to users. RHA data shows that the price for a barrel of Brent crude fell 25% between week ending 11 July and week ending 5 September. However, in the same period, the national average of diesel fell just 7% from 108p/litre to 101p/litre.
PRA director Ray Holloway says: "There is a six- to eight-week time lag between the price of a barrel falling in price and that
drop feeding through to the price at the pump. It takes that long for the crude to become fuel and be sold to retailers." John Hall, MD of John Hall Associates, adds: "Simply, diesel is now more expensive at source. Demand is also higher."
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