The petrol is cheaper for everyone but you, the consumer. Great.

19 August 2011

petrol_guageThe price of petrol may have gone down, but at the pumps, you won't find it reflecting the fall in wholesale price. That's because the petrol stations of the UK are a shower of shits.

On average, UK petrol prices have fallen less than 1p a litre despite falls in wholesale prices equivalent to at least 3p a litre, according to the very nice AA.

Petrol is now averaging 135.71p a litre, with diesel at 139.89p a litre. Compare that to year ago, petrol is 19.22p a litre more expensive, while diesel is 20.91p more.

The AA reckon that this equates to £40.81 extra per month on the petrol spend of your average two-car family.

AA public affairs head Paul Watters says: "Supermarkets announced that they would be cutting pump prices this week and, hopefully, the drop in wholesale costs will be more properly reflected at the pumps.

"However, there is clearly a need for price transparency covering oil, wholesale and retail markets, taking into account the exchange rate. Choosing when and how to pass on lower fuel costs to the customer, whether as straightforward pump price cuts or money-off vouchers tied to spending in store, carries risks.

"Many independent retailers seized their chance over the past fortnight to undercut two of the major supermarkets and, with a six-mile or more round-trip to a superstore costing a litre of petrol, cash-strapped consumers may have looked closer to home for their fuel and top-up shopping."

TOPICS:   Motoring   High Street News   Economy

1 comment

  • Giorgio A.
    I paid 134.7 at Asda yesterday so some of it is coming down

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