The Road Haulage Association has welcomed Transport Secretary Justine Greening's call for fuel retailers to set up their own code of practice so consumers can monitor daily petrol or diesel prices.
"We are constantly highlighting the slowness of filling stations to lower their prices to correspond with the price of oil", said RHA Chief Executive Geoff Dunning.
"We have all seen pump prices shoot up when the wholesale price of oil is high but the corresponding drop in price when the wholesale price reduces can be painfully slow and pump prices often fail to reach the pre-price hike level.
“To hear Greening say ‘for fuel retailers not to pass on cuts in the wholesale price of fuel is not fair and not acceptable’, is indeed music to our ears.”
The Association is particularly pleased at the Transport Secretary's insistence that the oil fuel retailers come up with a solution to this issue as a matter of extreme urgency; days and weeks as opposed to months.
"We shall of course continue to fight to see the proposal of a three pence per litre increase in fuel duty on August 1,” said Dunning.
“But this latest initiative will go a long way to bringing some relief to all road users."