All Fuel Prices articles – Page 5
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NewsRAC slams supermarket fuel prices after Costco cut leaves its petrol 12ppl cheaper
The RAC has again accused the big four supermarkets of charging excessive margins on fuel, after Costco reacted to falling wholesale prices by cutting its petrol price by 8ppl to 147.7ppl, 12ppl less than the average price of a litre at the supermarkets.
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NewsCompetition watchdog publishes deadlines for its investigation into the road fuel market
Deadlines have been published for the market study into the road fuel market currently being carried out by the Competition and Markets Authority (CMA).
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NewsPrice differential between petrol and diesel hits new record just short of 25ppl
The price gap between a litre of diesel and petrol has hit a new high with diesel now almost 25ppl more expensive.
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NewsRAC lays into supermarkets for ‘shocking example’ of rocket and feather pricing
Amid the worst cost-of-living crisis in four decades drivers are being denied cheaper fuel by the UK’s biggest retailers refusing to lower their forecourt prices to reflect far lower wholesale costs.
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NewsPRA welcomes fuel duty freeze and business rates support announced in Autumn Budget
The PRA has welcomed a number of measures that were announced in the Chancellor’s Autumn Budget on Thursday.
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NewsOBR report stating fuel duty will rise by 23% in March is not government policy insists Chancellor
Suggestions that fuel duty will be hiked by 23% from March 2023, in an official report on yesterday’s Budget, are not government policy, the Chancellor has insisted.
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NewsRAC warns Chancellor that any fuel duty rise will increase inflation
Ahead of today’s Autumn Statement, the RAC is urging the Chancellor to leave fuel duty well alone as rising prices at forecourts – especially diesel prices – serve to lift inflation, with pump price increases in October having the potential to push it even higher in the weeks ahead.
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NewsPRA calls for 5ppl fuel duty cut to be maintained
PRA executive director Gordon Balmer is calling for the Chancellor Jeremy Hunt to maintain the 5ppl fuel duty cut that was introduced in March when he makes his much-anticipated Autumn Statement on November 17.
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NewsRAC warns supermarkets are not always cheapest for fuel as prices rise sharply
Fuel prices started rising sharply again last month, but the RAC is advising price-conscious drivers not to assume supermarkets are always cheapest, especially on petrol where their prices currently average just 1ppl less than the overall market.
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NewsAverage differential between petrol and diesel prices exceeds 20ppl for first time
The already record differential between the average price of petrol and diesel has increased to beyond 20ppl for the first time, according to RAC Fuel Watch data.
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NewsPRA welcomes government climbdown on claims retailers failed to pass on 5ppl duty cut
The PRA has welcomed a climbdown from the government accepting that retailers did not profit from the 5ppl cut in duty in the March Budget this year.
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NewsPump prices expected to rise after oil producing countries decide to cut production
Three months of falling pumps prices could shortly be over after the OPEC+ group of oil producing countries – which includes Russia and Saudi Arabia – announced they were cutting production.
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NewsPRA welcomes praise from RAC for independents undercutting supermarket fuel prices
The PRA has welcomed praise from the RAC for independent retailers who are undercutting supermarket fuel prices, but has warned motorists must expect higher margins as operators battle escalating costs.
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NewsPrice differential between diesel and petrol at the pumps hits a record high
The pump price gap between diesel and petrol has hit a record high.
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AnalysisPIPELINE: A tale of two fuels
Gasoline prices in the European wholesale market have collapsed in recent months relative to crude futures, but diesel margins remain unprecedentedly high, creating a dilemma for refiners heading into winter.
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NewsRAC steps up praise for independents and criticism of supermarkets over fuel prices
The RAC has stepped up its praise for independent fuel retailers, and criticism of supermarkets, after the latest fuel price data published by the Department for Business, Energy and Industrial Strategy (BEIS).
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NewsPRA calls for higher fuel margins, as concern mounts over tough winter ahead for independent retailers
The PRA has issued a warning over the plight of independent fuel retailers over the next few months, predicting that the astrononomic rise in energy costs could cripple many, leaving the nation’s fuel resilience compromised.
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NewsRAC criticises petrol prices despite record fall but applauds enterprising independents
Despite 12.31ppl coming off the average price of petrol last month – the largest monthly drop on record – pump prices remain a long way off what the RAC believes are fair given current wholesale fuel costs.
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NewsOasis Services on BBC for its low fuel prices
Oasis Services has featured on BBC Look North as an independent forecourt that has one of the best fuel prices in the region.
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NewsRAC praises independents for leading price cuts in July and slams supermarkets
The RAC has praised independent retailers for leading the way in cutting prices and prompting the recent cuts by supermarkets, after the average price of petrol fell in July by nearly 9ppl (8.74ppl) to 182.69ppl.