UK drivers warned to keep eye on pump prices
Christian Fernsby ▼ | February 1, 2023
Brits have been warned to keep an eye on pump prices when filling up their car with petrol or diesel in coming days.Article continues below
The RAC has said drivers need to be aware that retailers may "start to bump up their prices" soon
The breakdown and car insurance provider warned retailers such as Shell and Esso, as well as supermarkets, have failed to fully reflect the fall in wholesale prices.
Wholesale diesel costs have plunged 32p per litre but the pump price has only fallen by 20p in the same period.
Petrol costs have plunged by 23p in the same period, at the forecourt, the prices have only been reduced by a mere 18p.
What this means is that motorists are paying over the odds, the RAC says.
Therefore, retailers make more money out of drivers from every litre of fuel they sell, the RAC says, by "keeping pump prices artificially high".
New RAC Fuel Watch analysis shows that retailers have failed drivers by not fully reflecting the enormous recent fall in the wholesale price of fuel at the pumps, with drivers of diesel vehicles suffering the most.
The fear is that retailers waste no time in putting pump prices back up despite there being no justification for doing so.
Speaking about this, RAC fuel spokesman Simon Williams is urging the Government to focus on retailers ensuring that they "pass on savings to drivers" and to ensure that motorists are treated fairly with the current market. ■ What to read next
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