News & Features
Calls for Fuel Price Cuts
Posted in General News on Friday, July 15th, 2022
RAC calls for all major fuel retailers to cut the price of petrol by 5p per litre in response to the protest causing major disruption to motorways across the UK. Protestors from the Fuel Price Stand Against Tax group have caused disruption in Wales and Southwest England this week. The price of fuel has risen consistently since February. RAC Fuel Spokesman, Simon Williams commented: “As we have been saying for over a week there is now a compelling case for major retailers to cut the price of petrol to reflect lower wholesale costs. Our analysis shows the average cost of a litre of petrol is considerably overpriced. Drivers really should be paying around 186p per litre – five pence less than they are today – if wholesale prices were being reflected fairly at the pumps. This would see the cost of filling a 55-litre family car drop by £3, from £105 to a fairer £102.”
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Brian Bremer
Friday, July, 15th, 2022
So, Brent Crude is now trading at pre Ukraine invasion level. How is then that my local Garages are still retailing hyped up prices at £1.99 Pet Litre Derv and £1.93 Per Litre Petrol. If Crude per barrel is now lower, I calculate that both fuels should be retailing around 30p below that you suggest. What with the massive amounts in Revenue the Government has fleeced out of us, fuel should be restricted to a fixed price for a set period, ie £1.00 per litre for a period of 12 months in order to repair the financial harm caused.