The average price of petrol across the UK reduced by 6p a litre in December to under 147p (146.69p), making for two consecutive monthly falls, shows data from RAC Fuel Watch. The drop means a full 55-litre tank now costs £77.32, down £3.40 in the month. Diesel also came down by 5p to 149.18p, saving almost £3 (£2.86) on a fill-up (£82.05). Unleaded is now back to a price last seen in early … [Read more...]
Supermarkets cashing in during crisis, says RAC
Following news that lower fuel prices helped reduce inflation last month new RAC analysis has revealed supermarket margins on petrol and diesel have more than doubled since Russia invaded Ukraine. Prior to the start of the war in Ukraine the big four supermarkets, which dominate UK fuel retailing, were making a margin of just under 5p (4.7p) a litre on fuel – 3.7p for petrol and 5.7p for diesel. … [Read more...]
Surcharges of £120 for 5.0 litres of fuel
Supermarket giant Tesco faced scrutiny when a customer discovered they’d been charged £120 after filling up at a petrol station in Manchester. The customer reportedly spent just £15 on petrol using a pay-at-pump machine but was shocked to find the extra charge on his account, which he claimed didn't get refunded back into his account for over 12 hours. And it seems many other motorists are … [Read more...]
Fuel prices still a rip-off for motorists
While December saw the average price of fuel fall by 9p a litre saving drivers £5 a tank, the RAC believes drivers should have seen much bigger drops due to far lower wholesale costs. RAC Fuel Watch data shows petrol fell by 8.4p last month to 151.06p making a full 55-litre tank for a family car £4.63 cheaper (£83.08). Diesel came down by 9.4p to 173.97p meaning a complete fill-up was £5.19 less … [Read more...]
Newslines 12 December
Our data shows that without advertising the fact Asda has taken an average of 4.5p off the cost of litre of unleaded across its 320 sites and around 5.5p off diesel, said RAC fuel spokesman Simon Williams. “While we’re pleased one major supermarket retailer has finally started heeding our calls to pass on the enormous drop in the wholesale prices of both fuels, the fact these price cuts have been … [Read more...]
Supermarkets profiteering with fuel prices, claim RAC
Amid the worst cost-of-living crisis in four decades drivers are being denied cheaper fuel by the UK’s biggest retailers refusing to lower their forecourt prices to reflect far lower wholesale costs claims the latest RAC Fuel Watch report. In a shocking example of ‘rocket and feather’ pricing RAC Fuel Watch data shows supermarkets are currently enjoying margins of around 15p a litre on both … [Read more...]
Diesel prices soaring again, warn RAC
The average price of diesel shot up by more than 10p a litre in October – the third biggest monthly increase on record – adding more than £5 to a tank, according to data from RAC Fuel Watch. A litre of diesel went from 180.37p to 190.51p making October’s rise second only to the ones seen earlier this year in March (22p – 155.23p to 177.29p) and June (16p – 183.43p to 199.05p) which gave rise to … [Read more...]
Drivers still short-changed on fuel, says RAC
Despite a further 12p (12.31p) coming off the price of the average price of petrol last month – the largest monthly drop on record – pump prices remain a long way off what the RAC believes are fair given current wholesale fuel costs, new RAC Fuel Watch analysis shows. The average price of a litre of unleaded is now under 170p (169.8p) for the first time since May, with the price cuts made by … [Read more...]
Drivers in line for fuel price cut
Virtually static petrol prices in October should give way to pump price cuts of up to 5p per litre within the next two weeks, according to RAC Fuel Watch, with Asda already leading the charge with a fuel price cut this morning. Although the price of a litre of petrol was practically unchanged for a second month running at a little over 114p on average last month (114.53p at the start of the … [Read more...]
Pump prices begin rising again, says RAC Fuel Watch
A surge in world oil prices in December has brought an end to four months of falling petrol prices with a litre of unleaded going up very slightly (0.24p) to 126.11p, data from RAC Fuel Watch reveals. The price of oil increased $3 ($2.91) a barrel over the course of the month from $63.61 to $66.52 – a rise of nearly 5% – as a result of the United States and China cooling their 17-month trade war. … [Read more...]