Referendum outcome to bring up to 2ppl rise in fuel prices, predicts RAC
The organisation added that pump prices could rise by up to 2ppl as a result of the Brexit vote.
RAC Fuel Watch spokesman Pete Williams said: “It is too early to tell what the implications are in the mid to long term but it is likely motorists will see some volatility in the price of fuel on UK forecourts in the coming weeks. While the cost of crude has dropped as markets react to fears of a global economic slowdown the fall in the value of the pound to levels not seen since 1985 means that retailers are today facing an increase in the wholesale price of around 1.5 pence which will very be likely passed on to motorists at the pump.
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