The RAC has once again called on major supermarkets to lower their petrol prices , saying that falling wholesale costs are still not being reflected at the pump.
The four major supermarkets , Tesco, Sainsbury’s, Asda and Morrisons, have come under renewed criticism from the motoring organisation, who say that prices are not dropping as much as they should. The RAC claims that the gap between wholesale prices and the price that drivers are paying is wider than it has been for 10 years.
Supermarket petrol prices were around £1.76 a litre this week - but with the average price for wholesale standing at £1.24, analysis from the RAC suggests that pump prices should in fact be no more than £1.62, WalesOnline reports . This price takes into account fuel duty, VAT, and what the RAC called a “generous retailer margin” of 10p per litre.
