Beausire is urging customers not to panic buy fuel.
“There won’t be a massive 20p jump as such… It’ll be a gradual increase, I’d probably say, over the next couple of months, as opposed to next week being an extra £10 price of fuel” he said.
Meanwhile, thinking long-term, Carl Walker, Chairman of Jersey’s Consumer Council is asking businesses to make a “pledge” that they would bring prices back down again once they were able.
In the meantime Walker hoped businesses would be transparent about price increases by explaining the reasons for it.