Petrol companies ‘keeping prices high despite falling wholesale costs’, warns RAC

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Petrol companies ‘keeping prices high despite falling wholesale costs’, warns RAC
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Petrol companies have been accused of keeping prices high despite falling wholesale costs

The RAC said the wholesale cost of unleaded - the price when it arrives at forecourts - is now back down to its early May price of 131.75p per litre, which saw average pump prices of around 167p per litre.

RAC fuel spokesman Simon Williams said: "July has been an unnecessarily tough month for drivers due to the big four supermarkets' unwillingness to cut their prices to a more a reasonable level, reflecting the consistent and significant reductions in the wholesale cost of petrol and diesel.

This means drivers filling up at the end of July average of 183p per litre could be paying almost £9 a tank more than they should be.

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