Last week, we talked about how UK petrol prices had begun to creep upwards again the wake of a rise in the wholesale oil price. Subsequent news stories towards the end of the week suggested these rises were only temporary, but there’s another facet to the story that’s begun to develop as we begin another week.
Today, various news outlets including The Grimsby Telegraph, have reported on how campaigning group FairFuelUK have called for an “OffPump” inquiry into the “rocket and feather” effect on petrol prices when the oil prices changes.
The report states that at certain garages, the small rise in the oil price resulted in an immediate “rocket like” rise at the pumps, to the tune of as much as four pence per litre. FairFuel UK want to know why such drastic rises happen as soon as the oil prices goes up, while price reductions are so much slower to appear when the oil price goes down.
It’s not the first time there’s been calls for greater transparency into a pricing phenomenon that FairFuel UK describe as “pure monetary greed.” The group’s lead campaigner claims that the government are continually “ducking” calls to investigate.
Apparently the government’s Treasury Minister supports this call to action. Time will tell whether anything comes to fruition.
IMAGE CREDIT: Wikimedia Commons
Just 4p per litre, last week our two local garages put diesel up by 5p and 6p per litre, and they are the only garages for many miles!!!
name and shame company
How can supermarkets charge £1.10p per litre for diesel and Shell charge £1.17p per litre! Shell Heswall, Wirral have continually put there prices up over the last two weeks. As soon as there was a mention of oil prices increasing.
Amazing how quickly prices have gone back up from around 103.9 to 106.9. Yet the overall price of oil is a lot lower than the beginning of last year. I didn’t think the prices had come down as much as they should have at the pumps and I did not see any under £1 prices.
The greedy money grabbers
It’s true slow to put prices down & incredibly fast at the slightest whisper to put the prices up
The government should do more to protect the motorists!!
same across the board fuel, electricity, gas, straight in to put up, next to nothing in reduction when wholesale prices go down. disgusting moguls rip billions off us, laughing all the way to the bank. if they ever get caught out, they can just apologise, like the 14 billion HSBC hid!
miss an interview for the job centre or dont (in their opinion!!) do enough to seek work. try apologising. no they’ll sanction with no income to even buy food! i’m pretty sure roman slaves were fed!!!!
Just 4p per litre, last week our two local garages put diesel up by 5p and 6p per litre, and they are the only garages for many miles!!!
name and shame company
How can supermarkets charge £1.10p per litre for diesel and Shell charge £1.17p per litre! Shell Heswall, Wirral have continually put there prices up over the last two weeks. As soon as there was a mention of oil prices increasing.
Amazing how quickly prices have gone back up from around 103.9 to 106.9. Yet the overall price of oil is a lot lower than the beginning of last year. I didn’t think the prices had come down as much as they should have at the pumps and I did not see any under £1 prices.
The greedy money grabbers
It’s true slow to put prices down & incredibly fast at the slightest whisper to put the prices up
The government should do more to protect the motorists!!
same across the board fuel, electricity, gas, straight in to put up, next to nothing in reduction when wholesale prices go down. disgusting moguls rip billions off us, laughing all the way to the bank. if they ever get caught out, they can just apologise, like the 14 billion HSBC hid!
miss an interview for the job centre or dont (in their opinion!!) do enough to seek work. try apologising. no they’ll sanction with no income to even buy food! i’m pretty sure roman slaves were fed!!!!