Petrol stations have been accused of overcharging drivers after the competition watchdog reported a sharp rise in fuel profit margins.
The RAC reports with oil at a four-year low, petrol prices should be falling too this easter
Oil prices are hovering near their lowest point in four years, prompting renewed calls for fuel retailers to lower pump prices.
AA warns petrol prices are nearing peak levels seen during the Ukraine war.
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.
UK petrol prices drop to lowest level since lockdown
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.
UK – Petrol prices hit three-year low
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 prices decline sharply as electric vehicle adoption follows a ‘downward trend’
Petrol and diesel prices are dropping at their fastest rate this year, relieving motorists as electric vehicle adoption falters.
Petrol prices should be 6p per litre lower than what drivers are currently paying at the pump.
According to the RAC, petrol prices should be 6p per litre lower than drivers currently pay at the pump.
Supermarket profit margins are ‘nothing short of outrageous,’ says RAC
Drivers continue to overpay for fuel as retail margins remain “significantly” above historical levels, according to the Competition and Markets Authority (CMA).
UK Drivers Face Highest Diesel Prices in Europe, Says RAC
UK drivers are paying the highest diesel prices in Europe, according to a new analysis by the RAC.
Shell’s earnings plummet due to declining oil prices
Shell’s earnings fell by nearly a third as the company adapted to reduced oil and gas prices.
Shell petrol stations are ‘UK most expensive’ than all other major retailers
Recent data indicates that Shell’s fuel stations in the UK are among the priciest, with the company’s UK outlets averaging 142.6p per litre for petrol and 151.2p per litre for
The RAC states that petrol prices should decrease by 9p per litre following the decline in oil prices.
According to the RAC, petrol prices should have dropped by an additional 9p per litre due to the significant decrease in oil prices.