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Inflation figures boil down to fuel price highs

Jonathan Willett, Managing Director of Henderson Insurance Brokers in Teesside, said of the latest inflation figures: “I am concerned that fuel rises are powering the spike in inflation. It is important that motorists including commercial fleet operators are not bearing the brunt of price rises as this will have the knock-on effect of hampering economic growth.

“Oil companies should be made to publish the price of wholesale petrol, which will allow for more increased transparency in the setting of retail prices. There is scope to slice a couple of pence off a litre of petrol, as wholesale prices continue to fall amid lower crude oil values.”

This was posted in Bdaily's Members' News section by Recognition PR Business Team .