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Tuesday, September 20, 2016
In the last month as the Brent oil price in Sterling has fallen 9.5% or £3.67 per barrel, wholesale diesel fell only 1.8% with petrol, in complete contrast, rising bewilderingly by 1.6%. We are reliably told that the average independent garage should reflect oil and wholesale price changes in just 7 days. True to type, in reality this continues not to be the case. With such significant falls in oil seen since 18th August, pump prices for diesel have instead been hiked by 1.89p and petrol by 1.71p per litre.
 
Data supplied from RAC Foundation and Portland Fuel 18-Aug 16-Sep Change % Change
Oil Price Sterling £ per barrel 38.66 34.99 -3.67 -9.5%
Petrol Wholesale pence per litre 103.6 104.26 +0.66 +0.6%
Petrol at the pumps pence per litre 110.22 111.93 +1.71 +1.6%
Diesel Wholesale pence per litre 105.89 103.98 -1.91 -1.8%
Diesel at the pumps pence per litre 111.22 113.11 +1.89 +1.7%
 
FairFuelUK renews its call for the Government to investigate this impenetrable pricing process at the pumps, by setting up an OffPump styled body as a matter of urgency.

Quentin Willson, TV Motoring Journalist and Broadcaster plus Lead Campaigner for the FairFuelUK Campaign said: 'Will someone tell me why when oil prices and wholesale fuel costs fall, prices at the pumps have actually gone up? Our figures show prices increases when there should be reductions. The fuel supply chain is having the consumer's trousers down.'

Howard Cox, Founder of the FairFuelUK Campaign said: ‘The scandalous on-going fleecing of 37 million UK drivers has to be checked. Whilst pump prices are nearly 70% punitive fuel duty and VAT, motorists and small businesses cannot also be victims of patently uncontrolled profiteering which only benefits the faceless opportunists in the fuel supply chain’.



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