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Daily Record
Daily Record
World
Neil Lancefield & Daniel Morrow

Petrol stations accused of not lowering cost of fuel in line with fall in wholesale prices

Petrol station bosses have been accused of not lowering the price of fuel to reflect on the recent drop in wholesale prices.

Research carried out by Experian revealed that the average price of petrol in the UK reached a new record high of 191.1p per litre on Monday.

This is despite a recent 5p per litre drop in the wholesale cost of fuel from the June peaks.

The wholesale cost of diesel have largely stabilised in recent days.

READ MORE: Scots farmer forced to live in caravan after £2.25 petrol price leaves him penniless

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AA President Edmund King has warned that drivers face a ‘urgent situation’ and have called the government top step in to help people at the pumps.

In a nod to Quentin Tarantino’s 1994 dark comedy/crime film Pulp Fiction, Mr King said: “Pump prices are now more like ‘pump fiction’ as they don’t reflect the general downward trends we have been seeing in wholesale prices.

“This is now an urgent situation.

“The Prime Minister has hinted at action but we need more than hints.

“Pressure to force price transparency and a cut in duty would be a step in the right direction.”

RAC fuel spokesman Simon Williams said: “We strongly hope pump prices have peaked for the time being and will now start to decrease in line with wholesale prices which reduced last week.

“That, however, is in the hands of retailers.”

A 5p per litre reduction in fuel duty implemented by the Treasury in March has not stopped pump prices from soaring.

Earlier this month, the Competition and Markets Authority launched a “short and focused review” of how much drivers are being charged for fuel after a request by Business Secretary Kwasi Kwarteng.

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