Petrol stations should make their pump prices '30p lower', fuel experts have said. Texaco, Shell, BP, Asda, Morrisons, Tesco and Sainsbury's petrol stations have been warned that they should be charging far less during the next week after fuel prices hit their highest levels ever earlier this summer, as seen in the Leicester Mercury.
MP Robert Halfon said: "This is literally highway robbery from the big oil companies. We need PumpWatch now, to ensure that motorists have a proper watchdog to investigate what appears to be racketeering."
And Tory MP Craig Mackinlay added: “We should be seeing reductions of at least 25p per litre across all pump fuels; the public have reached their own conclusions that excessive profiteering is at play.” Howard Cox, Founder of the FairFuelUK Campaign said: "The foul stench of profiteering gets even more overpowering."
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Fuel prices hit their highest-ever levels earlier this summer as the UK's cost-of-living crisis worsened. But major retailers are still increasing their petrol prices despite wholesale costs of unleaded petrol dropping, the RAC said this week.
AA president Edmund King also criticised major retailers for failing to drop prices, branding it "unforgivable". A spokesman for Sainsbury's said: "We are committed to offering motorists great value, and over the weekend we lowered the price of petrol and diesel across our forecourts. We price locally and competitively."
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