Coronavirus Crisis may be being used as an excuse to fleece motorists at the pumps15 pence per litre of Wholesale falls being held back from drivers despite 50% drop in the Oil Price.Since Christmas to March 13th:
- Oil has fallen by 89% in Sterling
- Fuel supply chain businesses have increased profit from drivers when they fill up, by 242% for petrol and 175% for diesel.
- Wholesale petrol has fallen 24% yet retail has only fallen 1%
- Wholesale diesel has fallen 19% yet retail has only fallen 3%
- Since Christmas, the Average family car is paying £8.25 more to fill up their tank than necessary.
Since March 3rd to March 13th:
- Oil has fallen by 50% in Sterling
- Fuel supply chain businesses have increased profit from drivers when they fill up, by 95% for petrol and 69% for diesel.
- Wholesale petrol has fallen 15% yet retail has not changed
- Wholesale diesel has fallen 8% yet retail risen by 1%
Petrol and diesel should now be at least 15 pence/litre lower at the pumps.Howard Cox, Founder of FairFuelUK Campaign says: “The faceless fuel supply chain does it again, this time using a national crisis to line their already fat wallets. The Government must act now by putting in place a fuel pricing monitoring watchdog. The perennial cheating of the world’s highest taxed motorists, everytime oil prices change, must be scrutinised by an independent PumpWatch body. It borders on criminal behaviour.” Data Analysis: https://www.fairfueluk.com/CoronaVirusPumpPrices.png
Data Source: FairFuelUK PumpWatch, Portland Analytics, RAC Foundation