New information from the RAC has proven fuel retailers have been profiteering from the disaster with specialists warning prices have been nonetheless too excessive. Wholesale oil prices have elevated in current months however by not as a lot as pump costs throughout the UK would recommend.
Howard Cox, Founder of FairFuelUK mentioned it was “scandalous” corporations would think about exploiting prospects in a nationwide disaster.
He mentioned: “It is worse than stomach-churning that the fuel supply chain has knowingly used Covid to rip off UK’s 37m drivers.
“To exploit a national crisis and screw the world’s highest-taxed drivers, to line their pockets is scandalous.
“For decades, wholesalers have ripped off drivers at will, but this time they have reached a new low.
READ MORE: Fuel pumps are ‘taking advantage of drivers’ with higher costs
The RAC urged retailers to take advantage” of drivers and to “fairly reflect” wholesale costs.
The specialists mentioned prices shouldn’t be persevering with to rise and advised there was the potential for main reductions,
Specialists hinted petrol might drop by round 2p whereas diesel was nonetheless round 4p too costly.
The RAC mentioned future fuel costs have been arduous to foretell various weeks prematurely.
He added: “When oil prices rise and fall, millions of drivers have absolutely no idea what they will subsequently pay at the pumps.
“It is never, ever the same price! FairFuelUK renews The Fair Fuel APPG for Motorists and Hauliers 2019 unfulfilled call for the introduction of an independent Pump Pricing watchdog.
“It is vital that such a body is endorsed by the Government, with petrol, diesel and Autogas wholesale prices movements made transparent and published daily.”