The average price of a liter of unleaded fell below 170p (169.8p) at the end of August for the first time since May, with price cuts made by retailers in recent weeks resulting in the typical cost of filling up a car with petrol 55 liters to fall. from £100.16 at the start of the month to £93.39 at the end. But the motoring body said it believed average forecourt petrol prices should be around 161p based on current wholesale costs. Earlier this year, fuel retailers faced accusations of profiteering as petrol prices hit new highs despite easing wholesale costs. The RAC said the last time the wholesale delivered price of petrol was at its current level was at the end of April, when retailers were charging an average of around 162p per litre. Despite the 12 a.m. per liter of petrol last month, “pump prices remain a long way from what the RAC believes are fair given the current wholesale cost of fuel,” he added. The current situation is a far cry from May 2020 when the average price of a liter of unleaded was under 105p. Consumer organizations such as Which? they have previously said a liter of petrol in supermarkets usually costs a few pence less than fuel in other forecourts. However, the RAC said its analysis showed supermarkets were not necessarily the cheapest places for drivers to fill up, with independents in some locations “choosing to undercut them and charge a fairer price”. He added that supermarkets in some parts of the country appeared to charge much less for the same fuel than in other areas, “much to the chagrin of drivers”. The carmaker also claimed the UK was “one of the least generous countries” when it comes to supporting drivers. The French government increased the fuel rebate to 30 cents from 15 cents on September 1. Subscribe to Business Today Get ready for the business day – we’ll point you to all the business news and analysis you need every morning Privacy Notice: Newsletters may contain information about charities, online advertising and content sponsored by external parties. For more information, see our Privacy Policy. We use Google reCaptcha to protect our website and Google’s Privacy Policy and Terms of Service apply. RAC spokesman Rod Dennis said: “Twelve pence a liter is a lot to reduce prices in just one month, so there’s no doubt things could be worse, but in reality petrol drivers still always get a raw supply at the pumps. “ He added: “For whatever reason, major retailers are choosing not to fully pass on the reductions in the wholesale unleaded price that they have benefited from for some time.” Dennis said the organization was urging the next prime minister to “heed our calls for more financial help for drivers, such as a deeper cut in fuel surcharges, and to look carefully at the much more generous help packages offered to those in other Countries. all over Europe”.
