Petrol and diesel suppliers ‘knowingly ripped off’ drivers during coronavirus pandemic
Petrol and diesel cars: Ban on sales brought forward to 2030
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New data from the RAC has shown fuel retailers were profiteering from the crisis with experts warning costs were still too high. Wholesale oil costs have increased in recent months but by not as much as pump prices across the UK would suggest.
Howard Cox, Founder of FairFuelUK said it was “scandalous” firms would consider exploiting customers in a national crisis.
He said: “It is worse than stomach-churning that the fuel supply chain has knowingly used Covid to rip off UK’s 37m drivers.
“To exploit a national crisis and screw the world’s highest-taxed drivers, to line their pockets is scandalous.
“For decades, wholesalers have ripped off drivers at will, but this time they have reached a new low.
“Don’t blame the small independent garages who have suffered significantly with lack of forecourt trade.
“It’s those greedy faceless unchecked businesses further up the fuel supply chain that must be subject to Government scrutiny.”
During the lockdown, wholesale diesel prices fell by 37.39 percent, while pump prices fell by just over 10 percent.
Petrol pump prices dropped by just 9.68 percent meaning retailers were generating masses of extra profits.
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The RAC urged retailers to take advantage” of drivers and to “fairly reflect” wholesale prices.
The experts said costs should not be continuing to rise and suggested there was the potential for major discounts,
Specialists hinted petrol could drop by around 2p while diesel was still around 4p too expensive.
The RAC said future fuel prices were hard to predict more than a few weeks in advance.
However, it’s bad news for drivers hoping costs will soon drop with FairFuel predicting oil prices will continue to rise in the coming months.
The campaigners suggested the wholesale oil costs could hit $75 per barrel, which would see a further rise in petrol and diesel prices.
FairFuel said it expects oil prices to settle at some point in 2021 when commercial normality starts to return.
He added: “When oil prices rise and fall, millions of drivers have absolutely no idea what they will subsequently pay at the pumps.
“It is never, ever the same price! FairFuelUK renews The Fair Fuel APPG for Motorists and Hauliers 2019 unfulfilled call for the introduction of an independent Pump Pricing watchdog.
“It is vital that such a body is endorsed by the Government, with petrol, diesel and Autogas wholesale prices movements made transparent and published daily.”
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