All Fuel Prices articles – Page 2
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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.
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NewsRAC analysis shows supermarket fuel margins more than doubled since Ukraine invasion
Supermarket margins on petrol and diesel have more than doubled since Russia invaded Ukraine, according to analysis by the RAC.
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NewsCMA claims it will be able to put major retailers’ fuel prices online by end of August
A temporary scheme to make the daily fuel prices of major retailers freely available to consumers will be operating by the end of August, according to the Competition and Markets Authority CMA), but with five weeks to go how it will operate has yet to be agreed.
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NewsEnergy secretary meets supermarket bosses to call for voluntary fuel price sharing
Energy Secretary Grant Shapps held a meeting with the bosses of the major supermarkets and the oil companies today seeking to get a voluntary price sharing scheme working by next month.
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NewsRAC launches free fuel finder app intended to enable drivers to locate cheapest fuel
The RAC has released a new free fuel finder app which it says will enable motorists to locate the cheapest fuel in their area.
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NewsPRA welcomes government commitment to transparency in fuel pricing
The PRA has welcomed the government’s commitment to transparency after it vowed to introduce a statutory open-data scheme for fuel prices, requiring retailers to share real-time pricing information.
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NewsGovernment commits to implementing CMA’s fuel price recommendations
The government has committed to introducing an open data scheme to give drivers access to petrol station prices through their smart phones or sat navs, and to introducing a body to monitor the road fuels market.
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NewsCMA publishes damning report on supermarket fuel prices and calls for new monitor
Supermarkets have failed to compete effectively on fuel prices, according to a damning report by the Competition and Markets Authority (CMA).
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NewsSupermarkets say they’d ‘welcome’ greater fuel price transparency when quizzed by MPs
Senior figures from four of the biggest supermarkets appeared to support a new system of fuel price transparency when they were questioned this week by MPs on the cross-party Business and Trade Committee on food and fuel price inflation and whether the UK would soon see price falls.
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NewsMonthly fall of 12ppl in the average price of diesel is the largest ever recorded by RAC
The average price of diesel fell by 12ppl in May, making for the largest cut ever seen by the RAC since it began tracking fuel prices in 2000.