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Drivers are “taken for fools” as fuel prices rise for the 38th day in a row, despite falling wholesale costs

Fuel sellers take fuel for drivers, according to AA, for gasoline and diesel prices rose 38th day in a row – despite falling wholesale costs.

So far oil prices world markets fell from recent highs, the price of diesel for the first time approached the barrier of 2 pounds per liter.

Currently, gasoline is 191.2 per liter, and diesel – 199 pensions, according to AA.

Jack Cousins, head of AA’s road policy department, said: “Drivers take fools for retailers because the price of fuel continues its alarming upward trend.”

“Drivers across the country and everywhere have a right to know why they have to pay for fuel as much as they cost when retail costs are now much lower than a few weeks ago.”

The RAC called the recent price increase “unexplained.”

“We see absolutely no rhyme or reason why average farmland prices continue to rise, given that the wholesale price of both fuels has been declining for several weeks,” said RAC Fuel Representative Simon Williams.

“Drivers across the country have a right to know why they have to pay for fuel as much as they cost when retail costs are now much lower than a few weeks ago.”

Next Thursday, the competition control should announce the results of the investigation of gasoline prices.

Business Secretary Kwasi Quarteng ordered to urgently investigate competition in the market and give advice on how to ensure the best result for consumers.

Reports that Rishi Sunak is considering another reduction in fuel duties were welcomed by cars on Wednesday. The Treasury has made a super profit from the increase in tax revenues due to high fuel and energy prices.

This week, the chancellor said he did not rule out a “more substantial” reduction in fuel duties than the 5 pence cut that has already been made.

“Falling fuel prices for drivetrains really can’t happen fast enough,” Mr Williams said.

“When the Chancellor decides to further reduce fuel duties, it is important that it be immediately in full by retailers to give drivers some respite from these historically high prices.

“It is also important that the government controls the wholesale market and closely monitors retail margins.”

However, there may be more bad news, as oil prices on Wednesday began to rise after two weeks of decline. Brent crude, a major international benchmark, rose 1 percent to $ 119 a barrel after G7 leaders announced their intention to further limit supplies of Russian oil products.

Drivers are “taken for fools” as fuel prices rise for the 38th day in a row, despite falling wholesale costs

Source link Drivers are “taken for fools” as fuel prices rise for the 38th day in a row, despite falling wholesale costs

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