Petrol fall held up by ‘profiteering’ as retailers accused of ripping off drivers

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MPs have blasted forecourt bosses for over-charging. Tory Craig Mackinlay, chair of the All-Party Parliamentary Group for Fair Fuel, said: “We should be seeing reductions of at least 25p per litre across all pumps – excessive profiteering is at play somewhere or at multiple points in the supply chain.”

The wholesale price of unleaded petrol fell by a fifth to 123.81p a litre from June 1 to August 9.

The price paid by motorists increased in this period.

The profit on sales of unleaded is the largest since at least 2013.

Simon Williams, of the RAC, said: “Petrol should come down to 160p per litre.”

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