An expert has explained the extent of the great diesel rip off which has been hitting drivers. The government’s Competition and Markets Authority (CMA) is currently conducting an investigation into supermarkets cashing in on big profit margins for fuel - with the results set to be released this week.
On BBC Breakfast Ben Boulos said that 2022 was described as “the most volatile year for fuel prices on record.” It rose to almost £2 a litre for unleaded leaving drivers worrying about being able to go to work or drive to get shopping. He used graphs to explain how the prices had changed and revealed that the gap between the retail and the wholesale price had got much wider - meaning supermarkets were making bigger profits.
The big diesel swindle, as some have branded it, has seen the profit margin on that fuel type rise from 6p per litre in 2021 to 16p this year - a 166 per cent increase.
