The filling station margin on a litre of diesel has reached an average of 18p, more than double the long-term average of 8p, as big retailers refuse to cut pump prices in spite of reductions in the wholesale cost.
The greed of retailers seeking to maximise their own profits at the expense of consumers is “unfair on drivers struggling to get by in the cost-of-living crisis”, according to RAC Fuel Watch which collected the data.
The latest figures show margins rising in spite of recent reductions in wholesale prices of fuel that have seen the barrel price of oil fall from $90 to $83. The fact that lower prices are not being passed on to motorists has led the RAC to write to Energy Secretary Claire Coutinho,
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