RAC data shows supermarkets have doubled their margins on fuel since the start of the war in Ukraine
Data indicates inflation rate could be lower had major retailers cut pump prices to fairer levels
Data indicates inflation rate could be lower had major retailers cut pump prices to fairer levels
The RAC's reacts to today's news
Drivers could save up to 6p a litre – or £3.30 a tank – every time they fill up by using the myRAC mobile app
The RAC reacts to the findings of this morning's major report from the Competition and Markets Authority
Diesel car drivers are now paying £6.50 less to fill up than last month - but it's still too much
Even with price cuts, RAC warns diesel drivers are continuing to suffer from poor value at the pumps
Petrol has fallen to under 145p a litre for the first time in 18 months. Diesel is now below 155p for the first time since end of February last year. Both fuels are £25 a tank cheaper than at their peaks last summer.
The Competition and Markets Authority has today confirmed that retailer margins on fuel have increased. The CMA is also concerned there is evidence of weaker competition in diesel, as compared with petrol, since the beginning of 2023. In addition, it is going to conduct formal interviews with the supermarkets’ senior management in order to get to the heart of the issues.
RAC fuel spokesman Simo
Diesel falls by 4p in April but remains far more expensive than it should be, meaning drivers are paying an average of £9 a tank more
Diesel down 4p and is now 27.5p lower than five months ago – but is still 10p overpriced, unless you’re in Northern Ireland
RAC: ‘Forecourt price disparity between petrol and diesel is absolutely shocking’
Oil price and wholesale price of diesel now at their lowest levels in 15 months - but retailers continue to refuse to cut forecourt prices