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The Guardian - UK
The Guardian - UK
Business
Rob Davies and Jasper Jolly

Fuel retailers defend high costs at UK pumps after drop in oil prices

Petrol station sign showing unleaded at 166.9p and diesel at 179.9p on 15 March
The chancellor, Rishi Sunak, is under pressure to cut fuel duty during his spring statement on Wednesday. Photograph: Maureen McLean/REX/Shutterstock

Fuel retailers have dismissed accusations that they have been slow to reduce prices at the pump to reflect a recent fall in their own wholesale costs, as petrol and diesel hit new records on UK forecourts.

The chancellor, Rishi Sunak, is under pressure to cut fuel duty during his spring statement on Wednesday, at which the rising cost of living is likely to take centre stage.

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