Gas stations have been accused of defrauding drivers, with average prices without lead 14 pence per liter higher than they should be, a group of cars said today.
According to the RAC analysis, only 10 percent of entry seats are charging a fair price for gasoline and diesel.
The motoring group believes retailers should charge closer to 174p for a liter of unleaded.
But currently the average price of unleaded gasoline is 188 p. Meanwhile, diesel is believed to be overpriced at around 7 pence per liter.
The current average price per liter of diesel is about 196 pence, but the RAC believes it should approach 189 pence per liter.
Claims for the price hike come after the AA predicted that drivers could soon save £ 10 when they fill up the deposit in the next two weeks due to falling wholesale costs.
Wholesale fuel prices have skyrocketed due to a combination of factors, such as a sudden rise in worldwide demand as Covid-19 measures eased, the Russian invasion of ‘Ukraine and refineries that increase their margins.
They have been falling steadily for the last six weeks. However, the RAC has accused the petrol stations of not passing on price reductions to customers.
RAC Fuel spokesman Simon Williams said: “Weekly wholesale petrol prices, this is the price retailers pay to buy fuel, have fallen 17 pence per liter, from a weekly average from about 152 pence in early June to just 135 pence this week.
Diesel is believed to be overpriced at around 7 pence per liter. The current average price per liter of diesel is about 196 pence, but the RAC believes it should approach 189 pence per liter. In the photo: image of someone’s library filling with diesel
Prices have now dropped to 188.76 per liter from 191.53 per liter on July 3, the AA said, while diesel was 199.07 per liter on July 1 and is now 196 , 96 per liter.
“However, average pump prices have been reduced by 4 p. It’s time for every retailer to do the right thing and reduce their prices to more reasonable levels.”
The figures come from a new RAC Fuel Watch report, which has analyzed Experian Catalist price data.
What makes fuel prices?
Tax – 46 percent
This includes VAT, which is charged at 20 per cent, but which accounts for around 17 per cent of the retail cost, and the fuel tax – which currently accounts for 52 pence per liter – and represents 29 per cent. percent of the cost of fuel.
Fuel cost to the supplier – 45 percent
This is the cost of gasoline itself and includes the costs of crude oil and refining dispersion.
The cost of biofuel content – 7 percent
In the UK, standard petrol (E10) that is available in the garage yard has a biofuel component of up to 10%, while diesel (B7) has a biofuel component of up to 7%.
Retail profit – 2 percent
This is the amount of money oil companies take. While gas stations make a profit, experts say the main engine of supermarkets is to have them to attract customers to the store.
Supply and delivery – 1 percent
Source: RAC – June 2022
The RAC has taken a sample of more than 4,500 yards in the UK and what they charge for petrol and diesel.
The car group believes retailers should charge more than 174p for a liter of unleaded to reflect wholesale prices over the past two weeks well below the current average of 188p.
However, their data analysis shows that only 157 gas stations sell a liter between 170.9 and 179.9 p.
Of these, 125 are independently owned gas stations, 28 are large supermarkets and four are owned by oil companies.
The rest, about 4,436 of all the sites shown, sell unleaded at 180p or more per liter.
The situation is not much better when it comes to diesel, with the current average price per liter of 196p.
The RAC believes the price of the pump should be around 189 pence per liter. However, according to his analysis, only 250 of 4,805 front seats are sold at a price of between 180 and 189.9 p.
Of these, 192 are independently owned, only 43 are managed by large supermarkets and 15 are owned by oil companies.
Traditionally, supermarkets have led the fuel market with the cheapest pump prices.
However, the RAC says the average price of a liter of petrol and diesel at the four major supermarkets is only about a penny lower than the UK average when it has historically been around 4p.
Williams said: “Our analysis of this new data shows something else that is very revealing.
“It seems to be the case that it is no longer the big four supermarkets that are driving prices, but smaller independent places that are ready to counter the national trend in the yard.
“Certainly, the days of the fuel‘ price wars ’, where supermarkets simultaneously reduced their prices and did so much, seem to be over.
Drivers could soon save £ 10 when they fill up the tank in the next two weeks due to a drop in wholesale costs amid what experts say is a drop in record highs, according to the AA. In the photo: image from the library of someone filling gasoline
“Instead, supermarkets seem to prefer to fight for grocery prices that, while useful, ignore the large sums that households have to spend on fuel to keep their cars running.”
He said drivers who fill up in supermarket courtyards have “every right to be disappointed” by the current price.
The AA predicted that soon drivers could save £ 10 when they fill up the tank in the next two weeks due to falling wholesale costs.
Prices have now dropped to 188.76 per liter for gasoline, down from 191.53 per liter on July 3, the AA said.
While diesel was 199.07 pa per liter on July 1 and is now 196.96 pa per liter amid a slowdown in the rising cost of fuel.
Luke Bosdet, spokesman for AA’s fuel price, said: “The trajectory of wholesale petrol, if maintained, would lead to a saving of a tenth of a tank from historic highs, fuel trade is willing to transmit them “.
Drivers could save £ 10 by filling the tank in two weeks due to falling wholesale costs: AA says pump prices are falling from record highs with petrol now 188.76 liters bread.
Drivers could soon save £ 10 when they fill up the tank in the next two weeks due to falling wholesale costs.
Prices have now dropped to 188.76 per liter for gasoline, down from 191.53 per liter on July 3, the AA said.
While diesel was 199.07 pa per liter on July 1 and is now 196.96 pa per liter amid a slowdown in the rising cost of fuel.
This is a big drop from the all-time highs of the last six months, as the war in Ukraine meant less Russian oil on the market to embargoes and inflation has soared.
This has put a lot of pressure on the cost of living which is unlikely to be reduced at all, experts warned the BBC as the conflict continues.
Luke Bosdet, spokesman for AA’s fuel price, said: “The trajectory of wholesale petrol, if maintained, would lead to a saving of a tenth of a tank from historic highs, fuel trade is willing to transmit them “.
“The problem is that in many places, price cuts are simply not happening despite more than six weeks of falling costs,” he added.
Cox said, “It’s hard to see how crude is doing anything but going up, while it’s at war, and that’s not good news in the medium term for gasoline prices.”
“The problem is that you can’t replace the volume of oil that Russia produces.”
And while the U.S. is trying to convince Saudi Arabia to export more prices, it may not go down much.
He added: “There may be minor upward and downward changes, but essentially crude is likely to continue to advance and this will also keep up the pressure on rising petrol prices.”
“The problem is that in many places, price cuts are simply not happening despite more than six weeks of falling costs,” he added.
Cox said, “It’s hard to see how crude is doing anything but going up, while it’s at war, and that’s not good news in the medium term for gasoline prices.”
“The problem is that you can’t replace the volume of oil that Russia produces.”
And while the U.S. is trying to convince Saudi Arabia to export more prices, it may not go down much.
He added: “There may be minor upward and downward changes, but essentially crude is likely to continue to advance and this will also keep up the pressure on rising petrol prices.”
It comes when the UK competition control body claimed that rising oil refining margins are one of the main causes of rising fuel prices.
The Competition and Markets Authority (CMA) said it had discovered a sharp rise in prices once the fuel had been processed by oil refineries.
Although drivers have faced very high pump prices, the regulator found that the price difference between wholesale crude oil and refined gasoline and diesel had more than tripled last year: from 10 pence per liter to almost 35 pence per liter.
Known as the “refinement extension,” it is one of the top five cost points for gasoline, the largest of which is the tax, when the cost of fuel tax and VAT is combined.
Meanwhile, the urgent review ordered by company secretary Kwasi Kwarteng last month, as fuel prices were approaching £ 2 per liter, found that the government’s 5 penny fuel tax cut was reduced. it generally appears to have been implemented “by gas stations.
He found that prices at gas stations in supermarkets fell by about 5 p. the days after the fuel tax reduction. However, those of the operated and independently owned oil company fell less, according to CMA.
The control body said fuel prices fell by about 3.5p. in the case of sites operated by oil companies and 2.1 p. in the case of independently operated sites.
But the CMA agreed that the government’s 5p tax cut was implemented at a time when crude oil prices and costs continued to rise.
Therefore, supermarkets, which account for almost half of all fuel sales, would probably have incurred a cost as a result of the reduction in prices by 5 pence, while others had essentially impacted the entire tax reduction. and not reduce the total amount, according to the CMA.
“Overall, the fuel tax cut seems to have been …