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.
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.
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.
Spreads between different grades of gasoline have widened sharply in the past month with the value of octane soaring.
A litre of unleaded broke records again when it averaged 191.05ppl on Sunday. Diesel also reached another high point on Saturday with an average price of 199.09ppl.
Retailers are being unfairly blamed for fuel prices skyrocketing and while there are reports of individual sites increasing prices excessively, this is absolutely the exception and not the rule.
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