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UK motorists overcharged £5 for each full tank, suggests RAC

Published Dec 04, 2023 09:55 Updated Dec 04, 2023 10:10
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© Reuters. UK motorists overcharged £5 for each full tank, suggests RAC

Proactive Investors - Motorists are still being overcharged for petrol and diesel despite warnings to the industry from the government, according to the RAC.

The lobby group says that recent falls in wholesale petrol and diesel prices and also a 5p per litre reduction in fuel duty are not being passed through at the forecourt.

On an average fill-up, that amounts to around £5 a time (£80.62 vs £75.35), the RAC calculates, with diesel users paying £2.50 more than they should.

Simon Williams of the RAC said: “The biggest retailers don’t seem to have heeded the warnings levelled at them.

“While the Energy Secretary’s action may have encouraged retailers to begin reducing their prices, it’s undoubtedly a case of far too little, far too late.”

Last month, the Competition and Markets Authority (CMA) echoed the RAC warning and suggested a body be set up to monitor margins and prices.

Williams said: “If a price monitoring body had already been set up by now – as recommended by the CMA and accepted by the government – then this might have been prevented and people might finally be getting a fairer deal at the pumps.”

“We reiterate our call to the biggest retailers to significantly cut their prices to mirror what’s happening with greatly reduced wholesale costs.”

Read more on Proactive Investors UK

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UK motorists overcharged £5 for each full tank, suggests RAC
 

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kishor Gaud
kishor Gaud Dec 04, 2023 12:42
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