• ‘Nothing’s changed’ at the pumps despite CMA investigation
    • 03/11/2023
    • Posted by: Alan Feldberg
    • Category: News
    The RAC has called for more action around fuel prices after saying that nothing has changed following an investigation into retail prices by the Competition and Markets Authority. It found that retail margins were 16p per litre for petrol and 12p per litre for diesel. This compares to the long-term averages of 7p [...]
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  • Fuel prices surge in September
    • 05/10/2023
    • Posted by: Alan Feldberg
    • Category: News
    The price of diesel rose 8p a litre in September, with petrol up 4.5p during the month. Diesel increased from 154.78p to 163.11p, making it the fifth largest rise since 2000. At the same time, petrol went up from 152.49p to 157.01p, its 13th biggest monthly jump in price in the last 23 years. This follows August [...]
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  • Fuel prices rocket during August
    • 11/09/2023
    • Posted by: Alan Feldberg
    • Category: News
    Fuel prices rose more in August than during any month in the last 23 years. According to RAC Fuel Watch, petrol prices climbed nearly 7p a litre while diesel went up by 8p. The average price of unleaded during the month was 152p while diesel was 154p. RAC fuel spokesman Simon Williams said: “August was a [...]
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  • Fuel prices on the rise again
    • 04/08/2023
    • Posted by: Alan Feldberg
    • Category: News
    Petrol prices rose again in July, while diesel prices remained stable. According to data from the RAC Fuel Watch, a litre of unleaded across the UK increased to 145p, a 2p rise since the beginning of June. This comes on the back of a 6p a litre rise in wholesale prices since 19 July. However, diesel stayed the [...]
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  • CMA calls for swift action to address fuel prices
    • 10/07/2023
    • Posted by: Alan Feldberg
    • Category: News
    Fuel retailers can expect to come under greater scrutiny after a new report from the Competition and Markets Authority (CMA) called for a new ‘fuel monitor’ oversight body to ensure greater transparency in competition. The report identified a reduction in competition since 2019 and said there needed to be [...]
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  • Diesel prices beginning to tumble
    • 01/06/2023
    • Posted by: Alan Feldberg
    • Category: News
    Retailers and supermarkets have cut the price of diesel since the Competition and Markets Authority (CMA) expressed concern of weakening competition in the retail fuel market. According to the RAC, the average price of a litre of diesel at supermarkets fell by 7.44p, from 151.02p to 143.58p, over the two weeks [...]
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  • Petrol prices down but diesel ‘unfairly’ high
    • 16/05/2023
    • Posted by: Alan Feldberg
    • Category: News
    The average price of petrol has fallen below 145p a litre for the first time in 18 months, according to the latest data from RAC Fuel Watch. The price of a litre of unleaded dropped to 144.95p on Sunday 14 May – its lowest price since 3 November 2021. Diesel also dipped below 155p a litre by hitting 154.31p [...]
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  • Fall in fuel prices not sharp enough
    • 10/01/2023
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    Fuel prices fell 9p a litre in December, but the RAC believes the decreases do not reflect much lower wholesale prices. Its Fuel Watch data found that petrol prices fell by 8.4p last month while diesel came down by 9.4p. However, with wholesale prices down considerably since mid-October, the RAC believes petrol [...]
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  • CMA investigating fuel retail market
    • 09/12/2022
    • Posted by: Alan Feldberg
    • Category: News
    A review by the Competition and Markets Authority (CMA) has found that fuel retailers raised prices quickly in line with higher wholesale costs but were slow to reduce them again when prices fell. Called ‘rocket and feathering’, this practice has been revealed as part of the CMA’s Road Fuel Market Study, [...]
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  • RAC urges supermarkets to ‘do the right thing’
    • 23/11/2022
    • Posted by: Alan Feldberg
    • Categories: Featured, News
    Data from RAC Fuel Watch has found that supermarkets are currently enjoying margins of about 15p a litre on both petrol and diesel. It says that wholesale prices for petrol have fallen by 13p per litre since their October high and diesel prices have fallen by 22p, but these decreases haven’t been transferred to [...]
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