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Motorists ‘paying 10p per litre over odds’

By Daily Telegraph Reporter

DRIVERS are being denied a further 10p cut in petrol prices as forecourt operators fail to pass on falling fuel costs in full, according to the RAC.

The motoring services company said the average cost of a litre of the fuel in the UK fell by nearly 7p to 162.9p in September as oil prices plummeted.

This was the sixth biggest monthly drop in average petrol prices since 2000 but the cut should have been deeper, it claimed.

Simon Williams, RAC fuel spokesman, said: “Drivers really should have seen a far bigger drop as the wholesale price of delivered petrol was around 120p for the whole month.

“This means forecourts across the country should have been displaying prices around 152p given the long-term margin on unleaded is 7p a litre.

“In contrast to this, RAC Fuel Watch data have shown margins to be around 17p a litre – 10p more than normal.”

Supermarkets normally charge around 3.5p per litre less than the UK average but are now only around 1.5p cheaper.

Mr Williams noted that Morrisons is offering discounted fuel for customers who spend a certain amount of money in store. He urged drivers to “shop around for the best deals” rather than assuming supermarkets are the cheapest fuel retailers because they have been in the past.

The average price of a litre of diesel fell by 3.5p to 180.2p last month. The price of Brent crude rose as high as $133 per barrel in March. It has been dropping since June and is now at $90.60.

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2022-10-05T07:00:00.0000000Z

2022-10-05T07:00:00.0000000Z

https://dailytelegraph.pressreader.com/article/282437058011507

Daily Telegraph