All Fuel Prices articles – Page 2
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NewsAsda owners say they did not bump up fuel prices
TDR Capital – co-owner of Asda with the Issa brothers – said today that it did not ‘bump up’ fuel prices during the cost-of-living crisis, which led to other supermarkets doing the same, and was not working on a strategy that its profits were all from petrol and diesel.
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AnalysisLooking back at 2023
This past year has been another eventful one for the forecourt sector. Against a backdrop of rising costs, increased crime and more EV vehicles on the roads, retailers have had to work harder than ever to remain relevant
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Promotional FeatureHow can forecourts thrive within a new era for mobility?
With travellers embracing a wider array of transport, from electric vehicles (EVs) to public options, forecourt operators need to tap into demands for more flexibility. So, how can they position themselves to prosper in a less fuel-centric era for mobility?
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NewsFairFuelUK calls on Chancellor to reduce fuel prices
FairFuel UK has called on Chancellor Jeremy Hunt to reduce fuel prices in the forthcoming Autumn Statement, following a poll of more than 40,000 FairFuel supporters.
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NewsFuel retailers will be ‘held to account’ on prices as CMA gets new powers
New powers to monitor the road fuel market have been granted to the Competition and Markets Authority (CMA).
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NewsPRA says fuel margins maintained to counter higher operating costs
The PRA has hit back at the CMA’s criticism of fuel prices. In the CMA’s first monitoring report on road fuel, which was published yesterday, the consumer protection body was critical of fuel margins.
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NewsPRA urges fuel retailers to join forces as pump prices become focus of “unprecedented interest”
The PRA is urging fuel retailers to join forces as they fall under the spotlight following ”unprecedented interest” in the sector by the government and media amid constant accusations of profiteering.
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NewsRAC targets ‘over-priced’ supermarket fuel as it hails Shropshire indie charging 14ppl below average
Shropshire-based independent retailer Grindley Brook Garage has been hailed by RAC Fuel Watch for its low fuel prices, in a report that has brought a smile to the PRA which has lobbied hard to bring greater understanding about how fuel prices are structured - especially for independents - to a wider audience.
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NewsPRA defends retailers as RAC once again lays into fuel margins and ‘rip-off’ pricing
The PRA has stressed that fuel retailers are dedicated to ensuring their customers receive the best deals possible in response to the seemingly constant calls by the RAC for major retailers to curb their fuel margins and cut petrol by 5ppl.
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NewsAA attacks ‘greedy fuel retailers’ - again
The AA has once again accused petrol retailers of greed. A report in The Telegraph entitled: “Greedy petrol stations charging 5p a litre more than they should’ claims average pump prices are failing to keep pace with falling costs.
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NewsPRA brands RAC ‘deeply irresponsible’ following 'over-priced fuel' accusations
The PRA has branded the RAC ‘irresponsible’ following today’s accusations that fuel retailers are ‘not playing fair’ with motorists on pump prices, with their ‘unjustifiable’ rises and margins ’higher than they should be’.
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NewsMorrisons to launch new promotion on fuel from Monday
Morrisons is about to launch a promotion on fuel, offering members of its More Card loyalty scheme 10 points on every litre of fuel purchased – double the usual five.
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NewsPRA refutes claims that retailers are making inflated profits on petrol
The PRA has strongly refuted claims by the RAC that retailers are making inflated profits on petrol, and this is contributing to rising prices.
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NewsMFG, Rontec and SGN make fuel price data available via CMA scheme
Top 50 Indies MFG, Rontec and SGN are among 11 participants in the voluntary scheme to provide data on fuel prices, which has been launched by the Competition and Markets Authority (CMA).
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NewsRAC reports August was ‘one of biggest monthly fuel price rises in 23 years’
The price of petrol rose nearly 7ppl (6.68ppl) in August and diesel 8ppl - the fifth and sixth biggest monthly rises in 23 years, according to the latest data from RAC Fuel Watch.
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NewsCMA claims voluntary system for sharing fuel prices is now ready for use
A system has now been set up to enable fuel retailers to share their prices online, according to the Competition and Markets Authority.
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NewsShapps threatens to “call out” retailers if they do not co-operate on publishing prices
Major fuel retailers have been told to co-operate with a voluntary scheme for publishing their fuel prices on-line, and that any failing to do so will be publicly shamed.
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NewsRising wholesale prices put squeeze on fuel retailers’ margins
Wholesale prices rising faster than retail prices have squeezed fuel retailers margins at the end of July, according to data from RAC Fuel Watch.
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NewsAsda claims to be first supermarket to publish local fuel prices online
Asda has today claimed to be the first supermarket to publish local fuel prices online allowing motorists to check the price of petrol or diesel before they get in their car.
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AnalysisCOMMENT: Fuelling growth of the independents, but will they be tempted to cash in?
The Competition and markets authority (CMA) recently accused supermarkets of increasing their fuel margins by 6p a litre between 2019 and 2022. This reflects both Covid and the invasion of Ukraine - both of which had major effects on demand and supply.