RAC urging retailers to lower the price of fuel at the pumps

Supermarkets in the UK are being urged to cut diesel prices by 4p a litre

 
The RAC is urging some of the UK’s biggest supermarkets to cut the price of fuel at the pumps, accusing them of not passing on the latest drop in oil prices to motorists.

Last week, the price of oil dropped to less than $50, the equivalent of £39 a barrel, which pushed down wholesale costs but the RAC said that retailers in the UK haven’t lowered fuel prices at the pumps.

According to the automotive services company, the price of diesel should be slashed by 4p a litre and unleaded petrol by 2p a litre on forecourts across the country.

Supermarkets in the UK are being urged to cut diesel prices by 4p a litre

RAC urging retailers to lower the price of fuel at the pumps © Copyright Lewis Clarke and licensed for reuse under this Creative Commons Licence.

 

By lowering the price at the pumps, the cost of filling up a 55-litre tank in a typical diesel car would be reduced by around £2.20, providing families across the country with a little bit of a respite as inflation continues to rise.

The RAC claims that the average price for diesel throughout the UK is 117.56p a litre, with supermarkets coming in around 3p cheaper. Most of the larger supermarkets are charging around 113.55p for a litre of unleaded compared to the average price across the country of around 116.49p a litre.

However, Simon Williams from the RAC said that supermarkets were under a much larger obligation to reduce the price at the pumps straight away because they purchase fuel more often than most other retailers, meaning they are already benefiting from the lower prices.

“We have been monitoring supermarket fuel prices closely since the oil price began to tumble, hoping that we would see them come down, but sadly that has not happened yet,” said Mr Williams.

 

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