The biggest retailers' refusal not to reduce their prices to fairer levels is continuing to cost drivers dear, and it's all the more outrageous when you factor in the fact we're all meant to be benefitting from a temporary 5p cut in fuel duty.
The RAC has called for the scrapping of the 5p fuel duty cut, claiming motorists are not benefiting as intended. Despite falling wholesale prices, retail profit margins remain high.
According to the Competition and Markets Authority (CMA), motorists were overcharged by £1.6 billion last year due to inflated margins caused by retailers pocketing the relief.
We'd normally be against any increase in duty, but we've long been saying drivers haven't been benefitting from the current discount due to much higher-than-average retailer margins.
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