Petrol stations have been accused of overcharging drivers after the competition watchdog reported a sharp rise in fuel profit margins.
Petrol stations have been accused of overcharging drivers after the competition watchdog reported a sharp rise in fuel profit margins.
More than 270,000 motorists are in line for compensation worth around £200m after insurers were found to have unfairly reduced claim settlements.
Oil prices are hovering near their lowest point in four years, prompting renewed calls for fuel retailers to lower pump prices.
The AA has warned that petrol prices remain “uncomfortably close” to their peak levels from the first two years of the Ukraine war despite a global slump in oil prices.
The final quarter of 2024 saw the fastest-ever increase in businesses teetering on the edge of collapse following a Budget severely undermining corporate confidence.
Fuel prices across the UK have fallen to their lowest levels in three years, providing some relief for drivers ahead of Christmas, according to figures released on Wednesday.
British households should prepare for additional tax increases, a leading think tank has cautioned.
Rachel Reeves has announced a £40 billion tax increase as she presented the first Budget by a Labour government in 14 years.
The price of a litre of petrol has dropped to its lowest level in three years, according to industry data, due to decreasing global oil demand.
Petrol and diesel prices are dropping at their fastest rate this year, relieving motorists as electric vehicle adoption falters.
According to the RAC, petrol prices should be 6p per litre lower than drivers currently pay at the pump.
Drivers continue to overpay for fuel as retail margins remain “significantly” above historical levels, according to the Competition and Markets Authority (CMA).