The RAC has stated that the nation’s largest supermarkets are ‘unwilling’ to lower their fuel prices to a more reasonable level…

‘Unwilling’ Supermarkets 

The conventional wisdom, that supermarkets offer better fuel prices, is now being challenged. The RAC, in a recent analysis of prices, has determined that independent retailers have actually led the way in offering a better deal to consumers. It’s also concluded that major retailers, especially the larger supermarkets, should be charging significantly less for petrol and diesel. 

According to the analysis, prices for unleaded fuel fell by 9p (8.74p) to 182.69p a litre in July. According to the RAC, they should actually sit at an average of 167p following a fall in wholesale costs back in May. Overall, drivers are paying £9 more than they should be when filling up a typical petrol car. It’s also been determined that diesel drivers should be paying £6 less than they are when filling up an average tank. 

Wholesale fuel prices have consistently fallen over recent weeks. Over the last eight weeks alone, average petrol wholesale prices are down by 20p;  having fallen from 151.93p at the start of June to 131.75p a litre in the final week of July. Ultimately, these savings aren’t being passed on. 

Drivers Should Shop Around 

Simon Williams, a spokesman for the RAC, commented on the situation. He said, “due to the big four supermarkets’ unwillingness to cut their prices to a more a reasonable level, reflecting the consistent and significant reductions in the wholesale cost of petrol and diesel”.

He continued, “the best advice for filling up is no longer to assume the supermarkets are the cheapest, but to shop around as it’s highly likely you’ll find an independent retailer which is doing the right thing and fairly reflecting their lower wholesale costs by charging a lower price. This is really encouraging because the independents buy new stock less frequently than the supermarkets as they don’t sell as much, and consequently aren’t as well positioned as their rivals to be able to snap up fuel at lower prices when there are sudden market drops”. 

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