Drivers Pay The Price For Pandemic Petrol

Thu 7th Jan 2021

New analysis from the end of 2020 has shown that supermarket petrol prices were not in line with actual price of oil and that retailers were penalising drivers ahead of anticipated lockdowns.

The data, published by the RAC this week, shows that while the wholesale price of fuel rose by 1p-per-litre through December, three major supermarkets actually increased their pump prices by 3p-per-litre.

With the UK now in lockdown, there will be a slump in demand for fuel, due to less cars on the roads and the RAC have said that retailers were making consumers pay for this anticipated drop ahead of the new year.

“It's very disappointing,” said fuel spokesman Simon Williams.

“While wholesale prices went up very slightly in December our data shows there should be scope to lower forecourt prices rather than put them up. 

“Retailers will no doubt argue that the pandemic is leading to drivers filling up far less so their 'per litre' profits are considerably down, and Monday's announcement of another lockdown will be treated as justification for their decision not to pass savings on at the pumps. 

“Unfortunately, those who still need to fill up regularly are having to pay more than they should be as, by our calculations, both fuels should actually come down by 3p-a-litre in the next fortnight.”

The RAC’s analysis also demonstrated that the cost of fuel across the country varies considerably, with drivers in the North West seeing the smallest increase, compared to London and the South East, who were paying an average price of 117.48 per litre, shockingly that is almost 5p-per-litre more than drivers in Northern Ireland.