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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

AA urges public wholesale petrol prices

07/11/2008

The AA (Automobile Association) has urged the Government to publish tables of wholesale petrol prices in an attempt to encourage fairer pricing.

The Association says that such a move would serve to expose profiteering. Australia introduced a similar scheme after a competition watchdog’s investigation.

Edmund King, president of the AA, said: “As a nation, whether we like it or not, we are dependent on diesel and petrol. It affects commerce and mobility. This is a crucial national issue and there ought to be more transparency”.

The price of petrol has been a hot topic in recent months, as 2008 saw rapid rises to a peak of 119.7 pence per litre on average in July, followed by a gradual drop to 97.3 pence per litre on average at the time of writing.

But with the maximum price of unleaded petrol still standing at 114 pence per litre (www.petrolprices.com), there are some concerns that the full benefits of falling oil prices are not always passed on to consumers.

A spokesperson for Debt Advisers Direct said: “At their peak, petrol prices were a real burden for many drivers, and although they have come down significantly, oil prices have fallen far enough for petrol to become cheaper still.

“The AA’s suggestion would improve transparency with regard to pricing, and the resulting price pressure could reduce the financial pressure on drivers and potentially lessen the number of drivers falling into debt.”

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation and IVAs (Individual Voluntary Arrangements).

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according