Fri, January 6, 2023, 12:03 AM
The RAC urged Tesco and other supermarkets to further reduce fuel prices. Diesel and petrol prices fell nearly 9 percent in December.
The car group published data today showing that petrol dropped by 8.4p, to 151.1p per Liter in December, while diesel fell 9.4p, to 173.9p a liter.
This reduced the price of filling up a 55-litre family car by £4.63 and £5.19 for petrol and diesel respectively.
The RAC however has asked supermarkets to reduce fuel costs by 11p, which is the same as the wholesale price. petrolDiesel remained the same after its fall in mid October.
December saw gasoline at 106 pence per gallon, while diesel was at 123.4 pence.
Simon Williams, spokesperson for RAC fuel, stated that the price of fuel at the four major supermarkets – Tesco, Sainsbury’s Lion’s and Morrisons – “is nowhere near what they should be getting the magnitude of the drop wholesale prices”.
He said: “Hopefully, the intervention of the business secret just before Christmas will increase the pressure on major retailers for doing the right thing.”
Luke Bosdy, spokesperson for AA Road Fuels, said: Am cityThis “inflated pump price” problem isn’t only a problem for supermarkets.
Bosdet stated that focusing solely on supermarkets will allow major oil companies’ supply chains and to escape the risk.
Bosdet states that the best way for motorists to avoid being overcharged is by using a fuel price checker tool throughout the UK, similar the one used by consumer councilNorthern Ireland
An interactive map that shows the average price of petrol and diesel in each city and town across the country allows motorists to check for price drops.
Bosdet said: “The fuel price checking tool has been tested and proven effective. It provides significant benefits for drivers in Northern Ireland.” It has the potential to alter road fuel prices by 2023.
“Furthermore, the Competition and Markets Authority (CMA) has recommended the government to go ahead with it,” he added.
The data are part of an ongoing market study by the Capital Markets Authority, which was launched after the government asked it to investigate whether a reduction on fuel surcharges announced March 1st had been passed onto customers.
In a The update was rolled out in early DecemberCMA found no evidence to support the claim that the pump price hike was caused by competition.
The watchdog will publish its decision to investigate the market study on Saturday.
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