Fuel retailers were accused of a “classic example of rocket and feather pricing” as the cost of petrol reached a new record. The RAC has claimed that significant reductions in wholesale costs for petrol mean companies have a “clear opportunity” to stop continuously hiking pump prices.
Data firm Experian said the average price of a litre of petrol at UK forecourts reached a new high of 191.1p on Sunday. Diesel prices reached a record of 199.1p per litre on Saturday, before dropping slightly to 198.9p per litre the following day.
At the G7 summit in Germany, Boris Johnson acknowledged that motorists were looking to the Government to do more to ease the cost pressures. He told the BBC: “We need to help people through the current pressures. At the pumps people are thinking ‘you know, this Government could do more to help with the cost of fuel’. People are thinking, ‘what are they doing to help me with the cost of food?’ So we’re doing as much as we possibly can.”
