Monday, August 1, 2016
Supermarkets will at last cut pump prices by 2p per litre. Asda’s new national price cap will bring diesel down to 106.7ppl and unleaded down to 105.7ppl at all its 272 petrol stations. 

But there is is still no sign of most of the fuel supply chain passing on the recent reduced oil prices and published wholesale falls to UK motorists. Since the EU Referendum FairFuelUK estimates that over £400m has been held back by unprincipled fuel suppliers out of consumer spending and the consequential benefit to the economy. There is also huge variation across Supermarkets such as Sainsburys as shown below:

  • SAINSBURYS TUNBRIDGE WELLS = 110.9
  • SAINSBURYS TONBRIDGE = 112.9
  • SAINSBURYS STANWAY = 109.9
  • SAINSBURYS THANET = 107.9
  • SAINSBURYS LEIGH, LANCASHIRE 99.9
  • SAINSBURYS BOLTON = 106.9
Below are graphics showing petrol and diesel prices at the pumps since Brexit against the significant wholesale falls seen over the same period
 
 
 
Howard Cox, founder of the FairFuelUK Campaign & Secretariat to the APPG on FairFuel said: "Our campaign supporters from UK motorists, hauliers and small businesses across the UK are incensed that in the 5 weeks since the EU Referendum, significant falls in fuel wholesale prices have been ignored by retailers. We are told by some garage owners that they should not be blamed, as they are not getting these published wholesale numbers and are being overcharged by as much as 6 pence per litre. So who is fleecing the motorist? What is the truth? It really is time for the Government to investigate the opaque pricing process at the pumps.”

Quentin Willson, Motoring Journalist and Lead Campaigner for FairFuelUK said: "Petrol margins at the pumps have nearly doubled since Brexit with diesel up by 50%. Motorists blame retailers but there is something more sinister as it seems wholesalers are not passing on these welcome falls in oil to retailers. The whole fuel supply chain cartel seems to be colluding behind a smokescreen of post Brexit uncertainty. The Government must act now to stop this deception.”
 

We have collated the data from the RAC Foundation and Portland Fuel Pricing. If you cannot see the graphs and table above click on these links:




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[ posted by Garry Tree, 01.08.16 20:37 ]

I live in West Wickham Kent today I have seen the price of Diesel range from £1.08 a litr to £1.13 a litre in my area

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