All Fuel Prices articles – Page 6
-
NewsRAC slams Government inaction on fuel price support for motorists as UK fares badly in European league table
The UK is one of the European countries that has done the least to support drivers with rocketing pump prices since Russia’s invasion of Ukraine, according to data released by RAC Europe.
-
NewsACS highlights impact of Net Zero targets on retailers in its evidence to CMA’s fuel pricing study
The ACS has advised the Competition and Markets Authority (CMA) that it should take into consideration the UK Government’s Net Zero targets and their impact on the road fuel market, as it embarks on its market study into fuel pricing.
-
NewsAsda responds to RAC accusations of ‘profiteering’ with fuel price cuts
Asda has responded to accusations of profiteering by the RAC by cutting the price of unleaded by 5ppl and diesel by 3ppl to ”help motorists save money when filling up their tanks”.
-
NewsRAC claims major supermarket groups are profiteering despite cutting fuel prices
The major supermarket groups are profiteering despite cutting fuel prices from their recent record levels, according to the RAC.
-
NewsUK motorists spend an extra £1.13bn on fuel over past year due to price rises
UK motorists have forked out an additional £1.13bn during the past 12 months because of the rising cost of petrol and diesel.
-
AnalysisANALYSIS: Retailers silence the critics
The government’s competition watchdog has cleared retailers of profiteering after a review of the road fuel market, but has still ordered an in-depth investigation after it found “cause for concern in the growing gap between the price of crude oil when it enters refineries, and the wholesale price when it leaves refineries as petrol or diesel”.
-
AnalysisCOMMENT: Yet another fuel market study - probably not the last!
So yet another investigation into the road fuel market is upon us and those veterans of the fuel retailing industry will probably shrug with frustration – they’ve seen it all before.
-
AnalysisCOMMENT: Oil prices - who profits?
As I had to write the PRA’s response to the ‘short and focused’ Competition and Markets Authority (CMA) investigation into the retail fuel market, I thought it would be a good time to reveal some facts.
-
NewsSlow moving convoys set up on M5 and A38 to protest about high fuel prices
Avon and Somerset Police has warned that motorists protesting about high fuel prices have set up slow moving convoys of traffic on major roads in its region.
-
NewsMP Robert Halfon backs FairFuel UK’s campaign for PumpWatch
Robert Halfon MP has backed FairFuel UK’s campaign to get the Government and the Competition and Markets Authority (CMA) to support UK’s hard-pressed drivers, and introduce PumpWatch.
-
NewsLogistics UK calls for 6ppl cut in fuel duty to avoid price rises across all sectors
The chancellor Nadhim Zahawi has been urged to take decisive action to protect the nation’s supply chain and prevent price rises in all sectors by cutting the fuel duty rate by 6ppl.
-
NewsRAC continues to attack retailers on fuel-price ‘profiteering’, despite clearance by CMA
The RAC has continued its attack on the fuel retailing sector, describing the recent ”fractional falls” in pump prices, when wholesale prices had plummeted, as an ”irremovable stain on major retailers’ reputations”.
-
NewsWolverhampton forecourt cuts fuel prices to help community
A Wolverhampton forecourt is currently charging the lowest prices for fuel in the city as a way of helping the local community during the cost-of-living crisis.
-
NewsCMA clears retailers of profiteering on fuel but orders in-depth investigation into market
A review of the road fuel market has cleared retailers of profiteering but ordered an in-depth investigation after it found “cause for concern in the growing gap between the price of crude oil when it enters refineries, and the wholesale price when it leaves refineries as petrol or diesel”.
-
NewsRAC reiterates call for cut in fuel duty or VAT on fuel after record price rises in June
The RAC has reiterated its call for a cut in fuel duty or VAT on fuel after the average cost of a litre of petrol rose 16.59p in June, smashing the previous 11p record set in March.
-
NewsPRA defends fuel prices as protestors take to the motorways
Tensions across the country are rising along with the high fuel prices as demonstrators took to many of the UK’s motorways today with ‘go-slow’ activity, demanding a cut in taxes to help contain costs.
-
NewsSoaring fuel thefts adding to retailers’ costs in volatile market warns PRA
Fuel thefts from forecourts have shot up by nearly two-thirds this year, adding to retailers’ costs in a highly volatile market, according to the PRA.
-
NewsPRA and leading retailer refute claim by RAC that continuing petrol price rises are “inexplicable”
The PRA and a leading independent retailer have refuted claims by the RAC that the continuing daily rise of the average price of petrol at the pumps is “inexplicable”.
-
NewsAverage petrol price goes above 190ppl as calls for supermarket reductions grow
The record high prices of fuel hit a new landmark on Thursday when the average price of petrol topped 190ppl for the first time.
-
NewsPressure growing for petrol price cuts but record-breaking highs not over yet
The RAC is calling on the big four supermarkets to cut their petrol prices to reflect a reduction in oil prices and wholesale costs.