Motorists feel the pain of higher petrol prices as OPEC bolsters oil markets October 11, 2022 Prices at the petrol pumps have started to rise again after a three-month decline, according to reports from AA.
Motorists beware: RAC warns petrol prices likely to rise after OPEC cuts October 5, 2022 Prices at the pumps will spike following OPEC's decision to heavily cut oil production, warned motoring group RAC.
UK motorists won’t make most of drop in oil prices due to weak pound September 24, 2022 Drivers will not make most of oil prices falling due to the pound’s ongoing drop against the dollar. Oil prices have dropped to the lowest since January following recession fears in the UK but, as Brent Crude is priced in dollars, any change in the exchange rate is automatically passed on to motorists. Data from [...]
RAC calls on Big Four supermarkets to pass on savings to customers September 21, 2022 Motoring group RAC has accused the Big Four supermarkets of failing to pass on drops in wholesale costs to drivers.
Fuel be surprised: Co-op sells petrol business to rival Asda for £600m August 31, 2022 The Co-operative Group (Co-op) has announced it will sell the company's petrol forecourt business to Asda in a £600m deal.
Fuelling the fire: Independent retailers ignite petrol price war to attract motorists July 21, 2022 Petrol retailers have kickstarted a price war, with independent vendors slashing costs at the pumps to lure in motorists as the cost of living crisis deepens.
Petrol prices spike to record highs despite falling wholesale costs for retailers June 27, 2022 Petrol prices broke records again this weekend, despite falling wholesale costs and a slump across the two major oil benchmarks.
Petrol prices climb to new records despite dip in oil prices June 20, 2022 Petrol prices hit a new record yesterday, despite a fortnight of falling wholesale costs, triggering intense criticism from UK motoring groups.
Watchdog confirms review of petrol market as record prices put pressure on drivers June 13, 2022 The UK's competition watchdog has announced it will undertake a review into petrol station pricing, after a week of pain at the pumps.
Kwarteng orders review of petrol retail market to ensure fuel duty cuts are passed on to consumers June 12, 2022 Business Secretary Kwasi Kwarteng has ordered the market watchdog to conduct an "urgent review" of the petrol market.