Tuesday, December 9, 2014
UK Motorists are being fleeced on average by approximately £5 each and every time they fill up their vehicles. We estimate that’s the amount not being passed on at the pumps to consumers following the biggest and most sustained period of falls in Oil Prices in recent memory.

Lead campaigner for FairFuelUK, TV broadcaster and motoring journalist Quentin Willson said: ‘Brent crude has fallen $49 since June and shocked the global economy. So why don't pump prices reflect what is the lowest oil wholesale price for five years? Something is deeply wrong in the road fuel market and we need an investigation into why these historic low prices aren’t being passed on to the consumer. We’ll be writing to Priti Patel, Exchequer Secretary to the Treasury, again to demand an enquiry.’

Howard Cox, founder of the highly successful FairFuelUK Campaign said: 'Our 1m campaign supporters just don't get it. Pump prices should now be at least 8p lower, maybe more! Who the hell is profiteering by not passing these massive drops in oil prices? Priti Patel, Treasury Secretary, wrote to FairFuelUK saying she wants to see strong action in support of our Campaign's call for a full and transparent pump prices enquiry. It's now time for the Treasury to deliver on that shared desire. The average motorist is being fleeced to the tune of about £5 every time they fill up, and even more galling the Government’s tax take is getting closer to 70% each time the price of oil falls .'

With millions of consumers angered, FairFuelUK is calling on the Government yet again to re-visit the issues of oil price manipulation and forecourt pricing and use the Competition and Markets Authority to set up an "OffPump” type enquiry to find out who is actually profiteering from holding back on dropping fuel prices.
 



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[ posted by Karan Smith, 09.12.14 20:36 ]

No one minds paying a fair price but current prices are far from fair... so who is profiteering ?

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[ posted by MICK Bull, 10.12.14 07:19 ]

Prices now down to £115.9 per litre at the moment in towns within 12 miles of me!
As a rural Driving Instructor, this is very helpful.
Local Tesco, with no supermarket, only independent competition, still 3p per litre more expensive.
As usual, Tesco state they have a local pricing policy, but this still means they are ripping off the rural community.
An enquiry will force them to bring prices for the rural community down to levels of the urban community, thus, making competition between like businesses a fair playing field.
Being rural, I do around 40.000 miles on average per year.
A friend, working in the city 12 miles away, has approximately the same amount of pupils as me, but only does 27.00 miles per year.
He charges the same rate as me.
Is it really fair that he has cheaper fuel as well?
To me, Tesco in this area (Sleaford, Lincolnshire), is profiteering from the rural community and an enquiry into pump prices would really show this up.
An enquiry ASAP please!

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[ posted by Manesh shah , 10.12.14 08:58 ]

It's scandalous as prices should be around 90 pence ! There should be a enquiry!

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[ posted by Craig Stevenson, 10.12.14 10:23 ]

You can guarantee that as soon as the crude price increases the price of Fuel at the pumps will also rise within hours, when the price the drops they hide behind the fact that they buy in bulk months in advance.

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[ posted by David Leach, 10.12.14 12:11 ]

Currently on winter holiday in Spain cuts being passed on the customers here Diesel down to 1.139 equals .917p per litre Unleaded 1.229 .99 per litre

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[ posted by James Edge, 10.12.14 13:13 ]

It's actually very simple, the fuel coming out of the pumps today is the $100+ a barrel oil that arrived at refineries months ago, prices should plummet next year once the cheap oil makes it to the pumps. They have already dropped prices to the point where they are now making a loss on petrol made from the old oil (which they will recoup by making more profit on the cheap oil).

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[ posted by TAYLOR, 01.01.15 07:42 ]

In a country too ignorant to understand climate change, high fuel prices are one way to make people think about the way they use fossil fuels. Bring back the Fuel Price Escalator £1.45 / l. is just sufficient to force people to think about how they use fuel. China and Indonesia are using this opportunity to remove fuel subsidies which they will not reintroduce when the price goes back up.

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[ posted by james, 15.01.15 09:44 ]

Its very weird that Fairfuel uk and many others keep confusing the price of oil with the price of fuel. they are not the same thing. just because oil price drops 50% does not mean petrol price will drop the same amount. the cost of refining, transport, staff, rent , tax etc. have not dropped and these all contribute to the price. this is just fact. the supermarket price war ensures that fair priced fuel is available, even with some retailers selling it to us at a loss. This is how a market works people, all this complaining about 'profiteering' is nonsense. as with any product, if you find somewhere that is charging too much, shop around and find a better price. that's how the price gets kept down, not expensive government inquirys or motoring presenters with suspiciously shiny teeth.

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