Scottish Grocer & Convenience Retailer

Forecourts

Omens bad for prices

PETROL prices look set to rise high in 2017, the Petrol Retailers Association warns.
The PRA says Brent Crude has already risen to over USD57/barrel and a rise to USD60/barrel appears likely.  Meanwhile the pound is expected to  weaken further and together these will hit wholesale costs and pump prices with the range 125 – 128ppl possible on forecourts across the UK by mid-2017.
This represents a 25 – 30% increase in just 18 months and would impact inflation and living costs, the PRA says.

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