It’s Official: UK motorists are being fleeced

Each day UK motorists are being ruthlessly fleeced nearly £6m at the pumps more than necessary through fuel supply chain profiteering.

1. In 2021 when a barrel of oil has more than doubled, the fuel supply chain has taken advantage of the world’s highest taxed drivers.
2. These faceless businesses are currently fleecing drivers to the tune of £5.9m per day more than necessary.
3. Equivalent to £2.159bn per year. And as a result, Government has enjoyed £360m of extra VAT from this opportunistic profiteering.
4. Current retail profit per litre for petrol is 14.8p, 3.3p higher than at the end of 2020.
5. Diesel is 18.4p, 6.9p higher than 2020.
6. As per usual, diesel drivers are the most exploited, Bizarrely, the wholesale cost of diesel is currently 2p less than petrol, yet at the pumps, diesel is on average 4p more than petrol.
7. Brent crude is on course for an over 4% drop since October 27th to date, but in the same time period pump prices for petrol and diesel have increased 2p per litre.

Howard Cox, Founder of FairFuelUK says:

• “The perennial and sickening exploitation of UK’s 37m drivers by a greedy fuel supply chain continues to go unchecked. The commercial heartbeat of UK Plc, fuelled almost entirely by diesel is in particular, being fleeced at will. Driving up inflation and impacting negatively on our post covid economic recovery.”
• “For decades the fuel supply chain, notably a few wholesalers have ripped off drivers at will. But 2021 is year of the most immoral fuel pump profiteering seen in recent years. The smaller independent garages are subject to their pricing blackmail too, in what they are forced to pay. Their wholesalers hold them hostage to their bulk supply and what they can charge motorists at the pumps. These businesses consciously hold back wholesale price falls and ramp up bulk supply costs when oil prices rise, amounting to billions of manipulative changes to fill their already gold lined pockets.”
• “Again we call on the Government to create an Independent Pricing Watchdog called PumpWatch. If gas, electricity, water and telecoms get price protection bodies, why shouldn’t motorists have one too? We need ‘PumpWatch’ now, to ensure pricing fairness for both consumers and hardworking fuel retailers too. Most of the profiteering is at wholesale level not by small independent retailers, who are victims of the greedy fuel supply chain.”
• “When oil prices rise and fall, millions of drivers have absolutely no idea what subsequently, they will pay at the pumps each time they fill up their vehicles. It is never ever the same price! There is no consistency, logic or clarity to the way pump prices are calculated. It remains a closely guarded secret in the fuel supply chain. PumpWatch is way overdue!”

Howard Cox, FairFuelUK Founder

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