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.
European gas prices slump to 16-month low
As China’s stockpiles are full, natural gas prices have fallen to a 16-month low in Europe. This has forced buyers to ship supplies to Europe.
UK will pay the price of demonising fossil fuels for a decade to come
Although the current warm winter and economic problems in China may have caused wholesale energy prices to drop back, we shouldn’t be fooled.
Where Will Europe Get Its Diesel From in 22 Days’ Time?
Within three weeks, all seaborne diesel deliveries from the EU’s largest external supplier will be banned.
Electric car production slows as drivers opt for cheaper wet fuel models
Electric cars are approximately £10,000 more expensive than petrol equivalents
Petrol falls below 150p a litre for the first time since Russia invaded Ukraine
Fuel prices have fallen below 150p a litre for the first time since Vladimir Putin’s invasion of Ukraine.
UK petrol and diesel dealers accused of failing to pass on declining oil prices to drivers
The sector is already under surveillance by the competition watchdog.
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.
RAC: Rising diesel prices are a severe surprise for motorists in the UK
The third-worst monthly increase in recorded prices was in October, which saw a cost rise of 10p per litre to an average of 190.5p.