15 pence per litre of Wholesale falls being held back from drivers despite 50% drop in the Oil Price.
Since Christmas to March 13th:
- Oil has fallen by 89% in Sterling
- Fuel supply chain businesses have increased profit from drivers when they fill up, by 242% for petrol and 175% for diesel.
- Wholesale petrol has fallen 24% yet retail has only fallen 1%
- Wholesale diesel has fallen 19% yet retail has only fallen 3%
- Since Christmas, the Average family car is paying £8.25 more to fill up their tank than necessary.
Since March 3rd to March 13th:
- Oil has fallen by 50% in Sterling
- Fuel supply chain businesses have increased profit from drivers when they fill up, by 95% for petrol and 69% for diesel.
- Wholesale petrol has fallen 15% yet retail has not changed
- Wholesale diesel has fallen 8% yet retail risen by 1%
Petrol and diesel should now be at least 15 pence/litre lower at the pumps.
Howard Cox, Founder of FairFuelUK Campaign says: “The faceless fuel supply chain does it again, this time using a national crisis to line their already fat wallets. The Government must act now by putting in place a fuel pricing monitoring watchdog. The perennial cheating of the world’s highest taxed motorists, everytime oil prices change, must be scrutinised by an independent PumpWatch body. It borders on criminal behaviour.”