The RAC accused fuel-selling supermarkets of hiking their margins on petrol.
Major fuel retailers are being urged to cut petrol prices by 5p per litre due to lower wholesale costs.Its analysis found their margins on petrol are around 14p per litre, double the long-term average of 7p.Petrol prices should be lowered by 5p per litre while diesel should be cut by 4p per litre, according to the RAC.
An investigation by the Competition and Markets Authority found that supermarket fuel retailers overcharged drivers by 6p per litre in 2022, costing them a total of around £900 million. “Drivers and, indeed, the Treasury, should be furious that the 5p per litre duty cut, which has been in place since the end of March 2022, is not being passed on at forecourts.
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