In August, drivers faced one of the steepest monthly increases in fuel prices in over two decades, as recent data reveals.
UK Supermarkets accused of driving up petrol prices by 6p a litre
The Competition and Markets Authority (CMA) attributed the recent rise in fuel prices since 2019 to lessened competition among supermarkets.
Diesel prices have been reduced by supermarkets in response to concerns raised by the competition watchdog.
Following the competition watchdog’s decision to intensify scrutiny of the market, supermarkets and other prominent retailers have hastened their cuts to diesel prices, as reported by the RAC.
RAC cautions against diesel price gouging in the UK despite a decrease in wholesale costs
A leading UK motoring organization, the RAC, has accused retailers of artificially raising diesel prices at the pump, even though wholesale prices for diesel have dropped below those of petrol.
Despite the fall in oil prices, diesel is still 17 pence more expensive per liter than petrol
According to a report by a motoring group, despite similar wholesale costs, diesel is being sold at an average of 17 pence more per litre than petrol.
Brussels’ ban on petrol and diesel cars has been blocked by Germany and Italy.
Germany and Italy have caused disruption to a proposed European Union to ban on new petrol and diesel cars as they demand exceptions to protect their influential automobile industries.
As petrol prices continue to drop, drivers are becoming less interested in electric cars.
According to the AA, as petrol and diesel prices drop and the cost of electricity surges, the number of motorists interested in purchasing electric cars has significantly decreased.
Drivers are prevented from switching to electric cars by a charging point shortage
Motoring groups warn that Britain’s electric car revolution is being held back by a lack of charging points and high plug-in prices.
The lowest prices for petrol since Russia invaded Ukraine
The weakening dollar, Covid restrictions in China and falling oil prices have caused the price of petrol to plummet.
Diesel prices climb above 190p per litre for first time since August says AA
According to the AA, diesel is 23.95p per Liter more expensive than petrol.
French Finance Minister Bruno Le Maire, a resolution on refineries blockade must be found in coming hours
Bruno Le Maire, French Finance Minister, said Tuesday that a solution must be found to end the week-long strike at French refineries which has been affecting French petrol stations for