Fuel price reductions 'fall short of mark'
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Recent reductions to fuel pump prices fail to reflect wholesale reductions, the AA has complained.
Petrol prices have fallen by 6.4p over the past month, bringing the average charge paid by individual drivers and fleets down from 119.5p per litre in mid-July to 113.1p today.
But new figures show that since July 11th wholesale prices for the commodity have fallen by a massive 18 per cent, prompting the AA to accuse many retailers of keeping prices artificially high.
Paul Watters, head of public affairs at the breakdown company, said that if savings were being passed on then the UK forecourt average would now stand at 111.2p - nearly 2p below its current level.
"Whichever way you look at it, many drivers are being short-changed by around £1 a tank when they fill up with petrol in the UK," he said.
"The AA accepts that small retailers, particularly in rural areas, are likely to charge more for fuel to cover overheads. However, larger petrol suppliers still have some way to go to pass on wholesale savings."
