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Petrol hits £1.50, two weeks earlier than predicted

Petrol hits £1.50, two weeks earlier than predicted

Pump prices are still rising, hitting £1,50 per litre 2 weeks earlier than we predicted and despite recent stable wholesale costs. Yet the nation's overall average published figures are misleadingly distorted due to lower fill up costs at the big 4 supermarket suppliers, who continue to be always 4-6p per litre cheaper.

Petrol prices are now even hitting £1.50 in many Shell garages from Bristol to Aberdeen, and where diesel also exceeds an eye watering record breaking high of nearly £1.54 per litre. See examples below.

In an analysis of 476 UK forecourts over the weekend, FairFuelUK demonstrates independent garages and big oil brands are charging drivers considerably way more than supermarkets and way more than is necessary. Here are current average prices per litre in the sample investigated. 

Average retail profits for both petrol and diesel are now exceeding 20p per litre. That is £11 from every driver filling up their family car with diesel. And nearly £10 profit from drivers using unleaded. 

Quotes from Howard Cox, Founder of FairFuelUK 

"Drivers too far away from access to lower Supermarket pump prices, are being forced to fill up where they have no choice but to swallow the rip off prices of the big oil brands and independent forecourts. Shopping around to save a few pennies is pointless unless you are close to one of the big 4 supermarket outlets."

"Now COP26 is done and dusted, time for the Government to get back to daily economic reality and to stop chronic profiteering by the greedy fuel supply chain. They must implement PumpWatch. The Westminster APPG for Fair Fuel for UK Motorists and UK Hauliers support calls for the introduction of an Independent Pump Price Monitoring Body."

"Over 95% of FairFuelUK's 1.7m supporters want PumpWatch created, similar to consumer watchdogs Ofgem, Ofcom and Ofwat, in order to protect UK's 37m drivers every time they fill up, as and when oil prices and exchange rates vary. The secret world of pump pricing has to become more transparent."


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