Tag Archives: petrol prices


Wednesday, October 12, 2016

As oil rises & Sterling weakens Fuel Suppliers opportunistically fleece UK Drivers at the Pumps. The APPG* on Fair Fuel for UK Motorists and Hauliers calls for the introduction of a new independent watchdog to monitor fair pricing and transparency at the pumps. FairFuelUK supporters are incensed by the latest blatant rocket increases in petrol and diesel, that will impact on inflation and growth in the economy. 


FairFuelUK said: 'In the 38 days Brexit to the 1st of August wholesale fuel prices fell 5%, oil dropped 10% yet pump prices hardly moved. But in the 11 days ...


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Wednesday, August 3, 2016

Do you remember before the EU Referendum, Goldman Sachs via the AA, both saying that pump prices would rocket by 18 pence per litre? A plethora of highly paid PR Execs in motoring organisations jumped on project fear’s doom wagon to say the same.  See the published article here. 


We at FairFuelUK (that’s Quentin Willson and myself) said then, and have been proven right that this would never happen.  


BUT it's clear since June 24th that someone in the fuel supply chain is undeniably exploiting, even colluding against UK drivers and not passing on the published sterling falls in wholesale costs. See the graph of pump prices ...


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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 ...

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Monday, July 18, 2016

We were told that petrol prices would soar if the UK voted to leave the EU. Concerned 'experts' cited the combined threats of currency shifts, rises in the price of oil and a general economic Armageddon. But oil and fuel wholesale costs have actually fallen since the 23rd of June by 3 to 4 ppl. Prices at the pump should therefore be lower by 3p but they're not - and the only reason we at FairFuelUK can find to justify this is speculation driven by a cloak of supposed market uncertainty.


Petrol particularly is being held at artificially high levels given that the wholesale price has fallen ...


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Friday, January 22, 2016
UK motorists, businesses, white van men are deliberately being fleeced at the pumps as oil prices continue to tumble. With various businesses in the fuel supply chain from refineries to retailers shamelessly increasing their profits, our recent fuel pricing data from highly reputable sources shows that it is diesel that is being exploited predominantly at the pumps. 

Since May 2015, oil prices in sterling have fallen by over 55.8% and yet wholesale prices for petrol in the same period (net of all taxes) have dropped by only 39.9% and at the pumps even less at just 26.9%.

Whilst wholesale diesel prices have nearly ...

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Thursday, December 10, 2015
We are entering a period of supermarket pump pricing war that will be eagerly welcomed by 37m UK drivers. In fact, if it were not for these big 4 fuel retailers, prices on the smaller independent forecourts would probably be even higher than they are now.

At the FairFuelUK APPG pump pricing inquiry held this week in Westminster, the Petrol Retailers Association admitted to MPs that supermarkets are definitely driving down pump prices and so their 6000 members have no choice to reluctantly follow.

But with wholesale diesel at lows of 96p and petrol 97p there is absolutely no excuse for seeing the ...

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Wednesday, August 26, 2015

At the meeting with Howard Cox on 18th August, PRA was represented by their Chairman and a retailer from Hampshire who owns and operates 4 local filling stations. The retailer emphasised that the pricing agreement with their supplier was "Weekly Lagged” and then explained how it works – this week’s prices (which take effect on Tuesday) are based on the average of the previous week’s prices. Then a price is calculated based on the average of their agreed marker sites. This produces a "Supported Price” and the margin that results is shared with the supplier on the basis of a matrix which forms part of ...


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Thursday, August 20, 2015
6 Months of evidenceFollowing a long awaited face to face meeting with the Petrol Retailers Association, the FairFuelUK Campaign are told that Independent Filling Stations; do indeed have no choice but to hold onto any falls in wholesale prices they receive longer than they would like in order to stay in business. This is confirmation of the ‘rocket and feather’ pricing changes that millions of drivers have always believed is taking place. They also admitted that in contrast, when wholesale costs rise, prices increases at the pumps are more immediate.

UK motorists and commercial drivers already have to put up with the highest fuel duty taxation in ...

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Monday, January 5, 2015

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Tuesday, March 11, 2014

Just back from seeing Vince Cable at The House of Commons arguing the merits of a 3p cut in duty in this Budget. Its late, I’m frozen from queuing outside for the security checks and a bit disheartened. Dr Cable gets it though. As an economist he understands the importance of helping all those small and medium sized companies who struggle because fuel adds so much to their costs of sales. And while he couldn’t make any promises he did say our economic augments make plenty of sense.

 

A quote from his Dr Cable's office following our meeting last night: "Vince welcomed campaigners from Fairfuel ...


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