All Fuel Prices articles – Page 2
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NewsCompetition and Markets Authority says fuel margins remain high despite lower prices
The government may recently have conceded that grade availability will not initially form part of the forthcoming Fuel Finder scheme, but the Competition and Markets Authority’s scrutiny of the forecourt sector continues, with the organisation finding that fuel margins remain “high”.
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NewsOil prices skyrocket following Iran attack
Last night’s attack on Iranian nuclear facilities by Israeli military planes has led to a surge in global oil prices. Iran holds around 10% of the world’s oil reserves and makes up roughly 5% of global production.
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NewsEdgePetrol to offer software module so retailers can comply with Fuel Finder scheme
Retailers concerned about complying with the forthcoming Fuel Finder scheme, which mandates all petrol stations in the UK tell the government their fuel prices within 30 minutes of any change, are set to be offered a software solution from EdgePetrol.
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NewsFive Labour MPs accuse fuel retailers of “ripping off” drivers
A group of Labour MPs have written to the Competition and Markets Authority (CMA) asking it to “immediately launch an investigation and consider fining or reprimanding retailers who are ripping off consumers”.
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NewsEV drivers using public chargers pay 50% more per mile than petrol-car owners
Using a public charger to replenish an electric car’s battery can see drivers pay 50% more per mile than those who fill their cars with petrol, according to a new analysis.
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NewsPRA raises questions over new Fuel Finder scheme
The government may only have awarded the tender for the national Fuel Finder scheme, set to launch by the end of the year, but the Petrol Retailers Association has already raised significant questions over how the programme will operate.
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NewsGovernment contract for Fuel Finder scheme awarded to VE3 Global
The Department for Energy Security and Net Zero (DESNZ) has awarded the contract for the nationwide Fuel Finder database to a company called VE3 Global Ltd, it was announced this week.
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NewsPRA hits back at Competition and Markets Authority claims that fuel margins are too high
The Competition and Markets Authority is “concerned about the intensity of retail competition” and says fuel margins “remain stuck at historic highs”.
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NewsOperators slam Asda’s 4p a litre price cut as ‘irresponsible publicity stunt’
Forecourt operators are warning that Asda’s announcement that it is cutting the price of petrol and diesel by 4p a litre today is a publicity stunt that could harm the wider industry by forcing rivals into unsustainable and damaging price reductions.
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NewsFuel prices reach six-month high: RAC
UK petrol and diesel prices have climbed for five consecutive months and are now at a six-month high, according to the RAC.
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NewsSUMMIT: PRA in talks with Competition and Markets Authority over forecourt profits and Fuel Finder Scheme
The Petrol Retailers Association (PRA) is meeting with officials from the Competition and Markets Authority (CMA) every two months to discuss matters relating to profitability, and the upcoming Fuel Finder scheme, attendees at Forecourt Trader’s 2025 Summit were told.
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NewsSUMMIT: Motorists prepared to drive five miles for cheaper fuel
The cost of a litre of unleaded or diesel remains a key motivator, with 55% of motorists prepared to drive up to five miles in search of cheaper fuel, according to exclusive consumer research for Forecourt Trader.
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NewsGovernment set to appoint supplier to run Fuel Finder service
The government is inviting bids to run its Fuel Finder database, an initiative aimed at increasing price transparency for motorists. It has also given further details on the timetable for its roll out by the end of the year.
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NewsMyAutomate acquires Portland Pricing to enhance its fuel data services
MyAutomate has announced the acquisition of Portland Pricing (www.portlandpricing.co.uk) from Portland Fuel, which it says is a significant step forward in its mission to provide cutting-edge fuel data and services to both consumers and businesses.
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NewsIncrease in biofuel content will lead to slightly higher fuel prices
Petrol and diesel prices will increase slightly again this year as part of the Renewable Transport Fuel Obligation (RTFO).
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NewsEnding fuel duty cut will harm individual motorists and businesses, says Allstar
Ending the 5p fuel duty cut now, which is expected to be announced in next week’s Autumn Statement, would harm both individual motorists and those businesses that keep the nation moving at the exact time that conditions have been improving for them.
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NewsCMA expected to launch road fuels monitoring function within next few months
The Competition and Markets Authority (CMA) is expected to implement its new road fuels monitoring function in either December this year or January 2024.
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NewsOperators hit back at RAC assertion that the Chancellor “has no option” but to remove 5p duty cut
Petrol retailers are exasperated by the RAC’s latest assertion that the Chancellor has no option but to get rid of the 5p per litre fuel duty cut because many are failing to pass it on to motorists.
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NewsFairFuel UK warns of 10ppl rise in fuel duty
FairFuel UK expects Labour’s first Budget to hit the motorist hard – with fuel duty increasing by 10ppl.
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NewsPetrol retailers could face substantial fines for not complying with watchdog’s fuel price scheme
The Government is consulting on imposing financial penalties of up to 5% of daily turnover on forecourt retailers that fail to comply with new measures designed to increase fuel price transparency.