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Retailer greed seeing motorists cheated out of 10p per litre whilst French strikes may push prices higher

By Tom Gibson | October 5, 2022

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Analysis from RAC shows profit margins have more than doubled since the fuel crisis

Retailer greed seeing motorists cheated out of 10p per litre whilst French strikes may push prices higher

The Great British public are still being given a terrible deal by petrol retailers who continue to overcharge motorists to line their own pockets.

Analysis from RAC has shown that profit margins at the pumps have increased from 7p per litre to 17p – a whopping 142% increase.

The average price at forecourts is now 163p but it should be 153p after a further fall in the price of oil.

RAC fuel spokesman Simon Williams said; "Drivers really should’ve seen a far bigger drop as the wholesale price of delivered petrol was around 120p for the whole month.

"This means forecourts across the country should have been displaying prices around 152p given the long-term margin on unleaded is 7p a litre.

"In stark contrast to this, RAC Fuel Watch data has shown margins to be around 17p a litre - a huge 10p more than normal."

Supermarkets are usually around 3.5p per litre cheaper than the likes of Shell, Esso and Texaco, but the same RAC data has shown that they are now only around 1.5p per litre cheaper.

And it's been warned that strikes over in France could once again push prices higher. 

Around 25% of French petrol stations are out of fuel as refinery strikes are leading to huge queues and shortages across the country. 

French stations are tightening supplies to try and ease the problem and prevent shortages down the road, but this, coupled with higher oil prices, is pushing up the cost of fuel and will likely lead to increases once again at our own forecourts. 

The AA's fuel price spokesman, Luke Bosdet, said: "In this country, it is hoped that the fuel trade’s lag in passing on previous cost reductions to customers, supermarkets taking longer to pass on price increases than fuel company sites and, hopefully, a resolution of the French strikes will soon ease the pressure on UK road fuel costs."

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