The RAC believe that, while the cost of wholesale fuel has come down, retailers haven't been passing on this saving to their customers.
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00:00The RAC has for many years analysed fuel prices with a view to understanding retailer margins
00:08and try to establish whether they're fair and whether drivers are getting a reasonable
00:13deal out of the pumps or not. Unfortunately, the data we've been looking at has shown that
00:20margins are particularly high now for diesel. Now, we realise that costs are increasing
00:24for retailers too, but when you see a margin of 18 pence a litre compared to the long-term
00:29margin of eight pence a litre, you'd think, well, something's going slightly wrong here.
00:34And we've also looked at prices across Europe and we can see that our diesel is now the
00:39most expensive in Europe. And that is with a current five pence a litre fuel discount,
00:48which was invoked by Mr Sunak when he was Chancellor just shortly after the invasion
00:53of Ukraine by Russia. So for us to have the most expensive diesel in Europe, something
00:57is slightly awry.