All Fuel Prices articles – Page 7
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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.
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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.
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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.
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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”.
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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.
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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.
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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”.
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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.