We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time
The start point for the best source of fleet information |
Average UK petrol prices fell during August, but not by enough to reflect wholesale costs, according to the RAC.
The motoring organisation's data showed that the average price of a litre of petrol at filling stations fell by 12.31p during the month, to 169.8p.
Although this was the largest monthly drop on record, the RAC said that based on wholesale costs, pump prices should actually be at around 161p per litre.
The price of diesel fell by 8.35p during August to 183.71p per litre, which the RAC said was a fairer reflection of wholesale costs.
RAC spokesperson Rod Dennis said: "12p a litre is a lot to come off prices in a single month so there's no doubt things could be worse, but in reality drivers of petrol vehicles are still invariably getting a raw deal at the pumps.
"For whatever reason, major retailers are choosing not to pass on in full the reductions in the wholesale price of unleaded they've been benefiting from for some considerable time now - and this continues to mean drivers are often paying much more every time they fill up than they should.
"By the end of August wholesale prices were lower than they were at the start of the month, so even factoring in buying cycles there is a very strong case for the biggest sellers of fuel to cut their forecourt petrol prices further. Allowing for a generous 10p a litre margin, we should be seeing the petrol sold for around 161p a litre.
"Some big supermarket sites aren't too far off charging this - but there's a real postcode lottery out there with prices varying wildly depending on where a driver is in the country. Drivers must shop around for the best deal they can, and we applaud those independent retailers who are doing their best to charge a fairer price for fuel and support their local communities through this incredibly expensive time."
BusinessCar magazine ©2019
Business Car Magazine © 2020 | Business Car is part of NS Media Group.
