...

Big retailers failing to pass fuel prices cuts on to motorists

By nation.cymru

5 months ago

News

Major retailers are failing to reduce petrol prices in line with falling wholesale costs, the RAC has warned.

The roadside recovery firm said wholesale cost of unleaded – the price when it arrives at forecourts – is now back down to its early May price of 131.75p per litre, which saw average pump prices of around 167p per litre.

But drivers are currently paying an average of 183p per litre at pumps despite the drop in wholesale costs, the RAC said.

It comes after fuel prices hit their highest-ever levels earlier this summer as the cost-of-living crisis began to bite.

The wholesale cost of petrol has fallen by 20p since early June, according to the RAC.

Yet retailers continued to increase their prices in June and only dropped their pump prices by an average of 9p during July, the firm said.

This means drivers filling up at the end of July average of 183p per litre could be paying almost £9 a tank more than they should be.

 Read the rest of this story on nation.cymru

Related or similar stories based on this one

...
Welsh Government Fuel support scheme extended to more than 400,000 low-income households after £90m investment

6 months ago

...
Call for Welsh Government to speed up scheme which would ‘take 135 years’ to insulate every house

4 months ago

...
100,000 households in Wales have no money left after bills have been paid

6 months ago

Local Jobs

Click here to check out local jobs in the Newtown area.

Trending
Newtown man faces trial after denying assault

2 days ago

Ban for Newtown drug driver comes at 'difficult time'

2 days ago

Baroness sees the work of a Newtown community trust

1 day ago

Latest Stories
Powys Council leader responds to latest resignation

3 hours ago

Town Council endorse heritage hub plans

18 hours ago

Council doesn't want to sell The Park offices

18 hours ago

Latest Local Jobs
Powys County Council - Teaching Assistant Level 3

£22,369 to £23,194 per annum pro rata

Supplies for Schools - Warehouse Assistant

unknown salary.

Newtown Town Council - Development Officer

£24,948 to £26,845 per year.