The Christmas getaway is going to be cheaper this year. Despite a slight rise at the pumps in November, drivers are on the road to enjoy the cheapest Christmas at the pumps since the pandemic, according to new data from RAC Fuel Watch. Petrol went up by a penny to 136.5p over the month while diesel rose by nearly 2p (1.8p) to 142.25p, taking the cost of full tanks for 55-litre family cars to … [Read more...]
EV, petrol and diesel prices still too high
Motorists are paying too much to keep driving, say Government watchdogs and the RAC. Petrol and diesel prices are staying high because there are fewer forecourts vying for business, according to the latest report from the Competition and Markets Authority. And EV charge-point operators have not slashed prices despite wholesale generation costs coming down, added the RAC. RAC head of policy … [Read more...]
Call to review EV law in Britain & Europe
The National Franchised Dealers Association is urging the new Labour Government to meet with representatives of the automotive retail sector at the Labour Party Conference and do more to stimulate the market for electric vehicles. The NFDA’s is calling for action in three essential areas to support the industry’s growth and sustainability: 1. Stimulating the Private Electric Vehicle … [Read more...]
Motorists fleeced out of extra £1.6 Billion in 12 months
Filling stations have pocketed an extra £1.6 Billion from motorists through overcharging on fuel, according to the latest Competition and Markets Authority. Supermarkets and roadside filling stations have steadily increased their profit take per litre and it raises questions about a possible illegal cartel operating behind the scenes with rivals reluctant to break the spiral. RAC head of policy … [Read more...]
Forecourts still keeping up fuel prices
Fuel prices fell for the second consecutive month but not by as much as they should have with a litre of petrol reducing by 3p and diesel by nearly 4p, shows analysis by RAC Fuel Watch. At the end of June the average price of petrol across the UK was just under 145p a litre – down from 148p at the start of the month. Diesel dropped to under 150p (150.13p) for the first time since early February, … [Read more...]
New Government challenged over fuel and roads
Fairer petrol and diesel pricing (68%) and fewer potholes (66%) are the two areas where motorists most want to see action from 2024’s new government, according to the latest research. Also, 45% would like to see moves made to reduce insurance premiums and 32% want to see traffic congestion tackled, shows March’s new monthly Used Car Tracker from Startline Motor Finance. Paul Burgess, CEO at … [Read more...]
Fuel prices fall could be greater, says RAC
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...]
Fuel prices soaring again says RAC Fuel Watch
The price of petrol rocketed by 6.68p a litre in August while diesel shot up by 8p, making for the fifth and sixth biggest monthly rises in 23 years, said RAC Fuel Watch. The average price of unleaded finished August at 152.25p – up from 145.57p at the beginning of the month, adding nearly £4 to a tank (£80 to £83.74). Diesel went up from 146.36p to 154.37p, making a fill-up nearly £4.50 (£4.41) … [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...]
Gov. will probe supermarkets’ fuel pricing
The Competition and Markets Authority will probe fuel prices and the role of Supermarkets in a study it began last year. While the evidence shows that the majority of fuel price increases are due to global factors, such as the Russian invasion of Ukraine, indications are that higher pump prices cannot be attributed solely to factors outside the control of the retailer, the CMA said in a … [Read more...]
- 1
- 2
- 3
- …
- 5
- Next Page »
