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14TB

YKS club member
"Diesel costs and cheapest supplier" 10:17am Wednesday 29th Mar | Moved from Chat


joined: 6th Mar 10
last here: 7:55am Yesterday
posts: 7884
from: SOUTH YORKS

ARE WE BEING ROBBED?
Quote from Mirror

The RAC has warned that people who fill their cars up with diesel could be paying far more at the pumps than they should.
Diesel is 17p more expensive than petrol at forecourts despite the wholesale price being the same.
According to RAC Fuel Watch, the average price of a litre of petrol is 146.63p while diesel is priced at 164.26p typically.
However, both fuels are selling for around 114.5p on the wholesale market, the RAC said.
At the beginning of March this year, the RAC found that diesel was only 6p more expensive than petrol but there was a 20p a litre gap between the fuels at the forecourts.
The motoring group said the overcharging of diesel vehicle owners by retailers is 'absolutely shocking' and blamed the big four supermarkets for inflating forecourts prices.
Related video: 'This sends out a very confused message on the European level' (Dailymotion)
Given the amount wholesale prices had dropped, forecourts should have already reduced pump costs for diesel to about 152p the RAC said.
A further cut to 147p should then be seen in the coming weeks.
Simon Williams, fuel spokesman at the RAC said: "Sadly, this seems unlikely given current retailer behaviour. Instead, the big four supermarkets, which dominate UK fuel retailing, are charging an outrageous of 162p a litre on average."
When prices change in the wholesale market, it can take some time to feed through to changes at the pumps, due to how frequently smaller sellers restock.
However, Simon says this should not be the case for the larger supermarkets.
He added: “As the supermarkets buy so frequently they have had plenty of time to pass on the lower prices they are benefitting from on the wholesale market to drivers at the pumps, but they remain totally resolute in their refusal to cut their prices substantially which is nothing short of scandalous, particularly in a cost-of-living crisis."
"We are seeing many independent retailers charging far less than their supermarket rivals which is a sign of how much fuel retailing has changed.
"This would have been pretty unusual several years ago but is now rapidly becoming the norm.”
The RAC says the retailer passing on the most savings of falling wholesale diesel costs is Costco.
It is currently charging less than 150p per litre for diesel - though you have to hold a Costco membership in order to fill up at one of its fuel forecourts.



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14TB

YKS club member
"142.9 Diesel cheapest supplier" 9:23pm Wednesday 5th Apr


joined: 6th Mar 10
last here: 7:55am Yesterday
posts: 7884
from: SOUTH YORKS
14TB

YKS club member
"Diesel costs £1.04 litre" 9:46am Friday 5th May


joined: 6th Mar 10
last here: 7:55am Yesterday
posts: 7884
from: SOUTH YORKS

Diesel costs £1.04 litre, we are still being robbed.

Diesel car drivers are being overcharged by £9 a tank every time they fill up, the RAC has today warned.

The motoring group explained how diesel remains at least 16p more expensive than it should be, despite falling wholesale costs.

Diesel was 6p a litre cheaper than petrol on the wholesale market at the end of last month.

But the price for a litre of diesel at the pumps cost drivers an average of 159.43p, while petrol was unchanged at 146.5p.

A litre of wholesale diesel cost 104.88p on April 28, down 9p in the month, and unleaded was 111.25p, down 6p.

The RAC believes drivers should really be paying around 143p “at the very most” for a litre of diesel, which would save drivers a staggering £9 a tank.

The driving organisation notes how prices are lower in Northern Ireland, where diesel averages 147.47p.


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Tony

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14TB

YKS club member
"Taken a long time for cma to wake up" 12:08am Tuesday 4th Jul


joined: 6th Mar 10
last here: 7:55am Yesterday
posts: 7884
from: SOUTH YORKS

Taken a long time for COMPETITION MARKETS AUTHORITY to wake up to this petrol rip off.

https://www.msn.com/en-gb/news/uknews/drivers-paid-higher-fuel-prices-after-supermarkets-increased-margins-as-asda-fined/ar-AA1dmcBU?ocid=msedgntp&cvid=b5aa4e8c48e849e18e4a574a497012fe&ei=26


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Tony

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14TB

YKS club member
"RE: Taken a long time for cma to wake up" 11:09pm Monday 4th Dec


joined: 6th Mar 10
last here: 7:55am Yesterday
posts: 7884
from: SOUTH YORKS

Looks like we are all still being robbed on fuel costs.

Fuel retailers have been slammed for not passing on a 5p fuel duty cut to customers which means customers are being overcharged £5 for a fill of petrol, the RAC has said.

Despite the average price of petrol falling by 7.5p per litre in November to 146.95, data from RAC Fuel Watch shows that drivers are still paying 10p more than they should be.


Click the link below for YORKSHIRE KOI SOCIETY YouTube we will be regularly making short videos
Tony

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