Petrol stations ‘rip off’ drivers by £1.6bn with supermarkets worst offenders
4 months, 3 weeks ago

Petrol stations ‘rip off’ drivers by £1.6bn with supermarkets worst offenders

The Telegraph  

Petrol stations have been branded “outrageous” after overcharging motorists by £1.6bn last year. The Competition and Markets Authority found that petrol stations’ fuel margins – the difference between what a retailer pays for its fuel and what price it sells it at – remain significantly above pre-pandemic levels. Simon Williams, of RAC, said: “To see that drivers have paid £1.6bn more than they should have in the last year is nothing short of outrageous, especially when so many are dependent on their vehicles. “Drivers have every right to feel ripped off, especially knowing there is virtually no market competition between retailers.” The CMA carried out a review of the road fuel market last year, which found that competition among petrol stations was failing to reduce costs for drivers.

Drivers Cma Petrol Stations  fuel  petrol  supermarkets  offenders  margins  stations  drivers  competition  worst  price  rip  16bn  cma  outrageous

History of this topic

Drivers still paying too much for fuel as retailers continue to pocket higher margins, says competition watchdog
3 weeks, 4 days ago

Drivers still paying too much for fuel as retailers continue to pocket higher margins, says competition watchdog

Daily Mail  

Drivers are still paying more than they should for petrol and diesel because of 'stubbornly high' margins pocketed by retailers, the competition watchdog says. Supermarket fuel margins increased from 7 per cent in April to 8.1 per cent in August, while non-supermarket profits jumped from 7.8 per cent to 10.2 per cent, the watchdog said. The CMA says retailers' fuel …

Petrol drivers hit with £100 road tax rise – but electric vehicles spared
1 month, 3 weeks ago

Petrol drivers hit with £100 road tax rise – but electric vehicles spared

The Telegraph  

In contrast, petrol, diesel and hybrid drivers face significant increases. Vehicles with emissions of between 51 and 75 grams per kilometre will also suffer a rate rise, from £30 to £130, and all those with even higher emissions will see their first-year rate double. It means fuel duty will remain at 57.95p per litre, where it has remained since March …

'Slash petrol prices NOW': RAC issues warning to retailers to play fair with motorists
3 months, 3 weeks ago

'Slash petrol prices NOW': RAC issues warning to retailers to play fair with motorists

Daily Mail  

Drivers should be paying around 6p less for a litre of petrol, shaving the cost of filling up by more than £3, according to the RAC. If retailers played fair with drivers by passing on this wholesale saving and reduced their margins to 10p, the average prices of petrol would be just under 136p per litre including VAT - a …

Drivers fleeced by petrol bosses to the tune of £1.6bn as forecourts fail to pass on drop in oil prices, report finds
4 months, 3 weeks ago

Drivers fleeced by petrol bosses to the tune of £1.6bn as forecourts fail to pass on drop in oil prices, report finds

Daily Mail  

Petrol bosses fleeced drivers at the pumps by up to £1.6 billion last year after hiking their profit margins, a report has found. The hikes collectively cost drivers around £1.6 billion last year alone, with retailers making 6p a litre more in petrol profits than they used to. Petrol bosses have hammered motorists while doubling their margins over the last …

How much are garages ripping YOU off by and could you save £5 by filling up at another station five minutes away? Use our interactive tool and map to find out...
4 months, 3 weeks ago

How much are garages ripping YOU off by and could you save £5 by filling up at another station five minutes away? Use our interactive tool and map to find out...

Daily Mail  

Drivers are being fleeced out of an extra £3 each time they fill their tank because of greedy petrol stations, analysis suggests. The figures come from 14 retailers participating in the CMA's temporary pricing data scheme, which covers around 40 per cent of UK forecourts and 65 per cent of fuel sold. The 14 retailers on the scheme are: Asda …

Drivers ripped off £1.6bn a year by fuel retailers pocketing 'significantly' higher margins
4 months, 3 weeks ago

Drivers ripped off £1.6bn a year by fuel retailers pocketing 'significantly' higher margins

Daily Mail  

Britain's millions of motorists are still paying too much to fill up at petrol stations due to retailers pocketing bigger profits from every litre they sell, according to an ongoing investigation into the fuel sector by the UK competition watchdog. The CMA says retailers' fuel margins – the difference between what they pay wholesale for their fuel and the price …

Diesel drivers in Britain pay £11 more to fill up than in EU
6 months ago

Diesel drivers in Britain pay £11 more to fill up than in EU

The Telegraph  

The cost of a litre of diesel in the UK is 8p more than the next-most expensive countries, Finland and Ireland, data collated by the RAC show. The “persistent overcharging” at the pumps means it now costs an extra £3 to fill a typical family car with petrol and an extra £5.50 to fill one with diesel, analysis by the …

The UK’s most expensive supermarket petrol revealed
6 months, 2 weeks ago

The UK’s most expensive supermarket petrol revealed

The Independent  

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Fuel retailers face fines if they do not ‘come clean’ over pricing
1 year, 1 month ago

Fuel retailers face fines if they do not ‘come clean’ over pricing

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Fuel retailers face fines if …

Fuel thefts rise 362% compared to pre-pandemic as petrol stations suffer increase in crime similar to shoplifting spike
1 year, 1 month ago

Fuel thefts rise 362% compared to pre-pandemic as petrol stations suffer increase in crime similar to shoplifting spike

Daily Mail  

The number of fuel thefts from petrol stations across Britain has soared this year, figures show. Fuel thefts soar: Filling station operators have attempted to trace the identity of almost 40k vehicle owners who have driven off without paying for petrol or diesel. The RAC Foundation released the figures of petrol and diesel thefts shortly after fuel price checkers raised …

Fuel thefts from Britain’s petrol stations soar in mirror of shoplifting epidemic
1 year, 1 month ago

Fuel thefts from Britain’s petrol stations soar in mirror of shoplifting epidemic

The Telegraph  

The shoplifting epidemic hitting Britain has been mirrored on filling station forecourts – with petrol thefts up by almost 400 per cent since before the pandemic. The number of petrol and diesel thefts this year was also 77 per cent higher than last year’s figure, with 22,335 registration requests across the July to September period. ‘Big and growing problem’ Steve …

Tesco, Asda, Morrisons and Sainsbury’s fuel profits have more than doubled since start of Ukraine war: RAC report
1 year, 5 months ago

Tesco, Asda, Morrisons and Sainsbury’s fuel profits have more than doubled since start of Ukraine war: RAC report

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Everyone is paying more than they should be to a …

Why supermarkets have been cleared of profiteering on food – for now
1 year, 5 months ago

Why supermarkets have been cleared of profiteering on food – for now

The Telegraph  

After months of being raked over the coals by politicians, campaigners, and the general public, supermarkets have been cleared of profiteering. The Competition & Markets Authority said on Thursday it had found no evidence of so-called “greedflation” by the nation’s supermarkets as it revealed the results of the first stage of a probe into high food and drink prices. The …

Grant Shapps tells retailers ‘enough is enough’ over petrol prices
1 year, 5 months ago

Grant Shapps tells retailers ‘enough is enough’ over petrol prices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Energy Secretary Grant Shapps has …

Supermarkets using motorists as 'cash cows' as cost of fuel surges
1 year, 5 months ago

Supermarkets using motorists as 'cash cows' as cost of fuel surges

The Telegraph  

The CMA found that supermarkets’ margins had risen by 6p per litre between 2019 and 2022, after taking into account movements in the oil price driven by the Covid crisis and the war in Ukraine. Meanwhile Asda was acquired by the billionaire brothers Mohsin and Zuber Issa, who also own petrol forecourt empire EG Group, in a £6.8bn deal backed …

Supermarkets hike diesel and petrol prices more than needed, CMA finds
1 year, 7 months ago

Supermarkets hike diesel and petrol prices more than needed, CMA finds

Daily Mail  

Fuel retailers, particularly supermarkets, have hiked diesel and petrol prices more than needed to boost profit margins, the competition watchdog has found. Fuel prices: The CMA will be grilling supermarkets 'to get to the bottom of what is going on' 'Evidence gathered by the CMA indicates that fuel margins have increased across the retail market, but in particular for supermarkets, …

I run Britain's cheapest petrol station and I'm charging far less than the UK average
1 year, 7 months ago

I run Britain's cheapest petrol station and I'm charging far less than the UK average

Daily Mail  

A garage owner is claiming the crown of 'King of the Pumps' because he believes he is selling the cheapest fuel available anywhere in Britain. Vijay Jaganathan is advertising both petrol and diesel at 129.9p per litre at his rural forecourt - compared to the UK average of 145p for petrol and 154p for diesel. Vijay Jaganathan is currently advertising …

RAC urges supermarkets to cut fuel prices as cost of filling up hits Christmas record
2 years ago

RAC urges supermarkets to cut fuel prices as cost of filling up hits Christmas record

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The organisation also notes that the government’s 5p-per-litre cut …

Supermarkets ‘taking advantage’ of drivers with high fuel prices – RAC
2 years, 1 month ago

Supermarkets ‘taking advantage’ of drivers with high fuel prices – RAC

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Supermarkets are “taking advantage” of drivers by charging “far higher” …

Petrol price surges to another new record high of 185.4p amid calls for urgent review
2 years, 6 months ago

Petrol price surges to another new record high of 185.4p amid calls for urgent review

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Petrol prices have reached yet another a new record high …

Petrol prices: March worst month ever at the pumps
2 years, 8 months ago

Petrol prices: March worst month ever at the pumps

Daily Mail  

Motorists endured one of the 'worst months ever at the pumps' in March as fuel prices grew the largest amount on record, despite the Chancellor's efforts to cut the cost of petrol and diesel by lowering fuel duty. Analysis of Experian Catalist data found that the average cost of a litre of petrol rose by 11.6p from the beginning to …

History repeating as unpopular Prime Minister contends with pre-election petrol price rises
2 years, 9 months ago

History repeating as unpopular Prime Minister contends with pre-election petrol price rises

ABC  

Petrol prices have a wonderful ability to annoy people even when they are not buying fuel. Russia's invasion of Ukraine in many ways has poured fuel onto an already burning fire of petrol prices. With petrol prices skyrocketing, rumblings of a by-election in the Melbourne electorate of Aston and a Prime Minister struggling in the polls ahead of an election, …

As Britain contemplates bringing in army to transport petrol, here is what we know about the fuel crisis in UK
3 years, 2 months ago

As Britain contemplates bringing in army to transport petrol, here is what we know about the fuel crisis in UK

Op India  

Several gas stations across England witnessed long queues of vehicles, rough scuffles and panic buying over the weekend. The Petrol Retailers Association also informed that up to 90 per cent of British fuel stations ran dry across major cities on Monday. Reportedly, as per the United Kingdom transport minister Grant Shapps, “There’s plenty of fuel, there’s no shortage of fuel …

Petrol prices soar to highest level in nearly two years
3 years, 6 months ago

Petrol prices soar to highest level in nearly two years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Motorists hitting the road to …

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