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.
Drahi takes BT biggest shareholder stake close to 25pc
Altice, the largest shareholder of BT Group PLC (LSE: BT.A), led by billionaire Patrick Drahi, has raised its stake by acquiring an additional 650 million shares.
BT Plans to Eliminate as Many as 55,000 Positions – Aims to Substitute One Fifth with AI Technology
BT, the telecommunications behemoth, has announced plans to significantly reduce its workforce, from 130,000 to somewhere between 75,000 and 90,000 by the end of the financial year 2030.
Oil Prices Surge, Yet Record Consecutive Third Week of Decline
On Friday, oil prices experienced an increase; however, they faced a third consecutive weekly drop following a significant decline earlier this week, in anticipation of rising benchmark interest rates and
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.
An investigation by a watchdog is being launched into broadband suppliers due to delays in switching services.
Ofcom had mandated internet providers to introduce the “one touch switch” service by Monday to help customers facing steep bill hikes.
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.
BT investigated over inflation-busting price rises
BT is currently under investigation for hiding inflation-busting price increases in its contracts. Customers are now bracing for a sharp rise in their bills.
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.