"The RAC said the average litre of unleaded had risen by 8p since the start of the US-Israeli war on Iran, with the cost now its highest for 18 months. Reeves hosted industry chiefs at 11 Downing Street on Friday in response to rising concerns on household finances."
"In February, all petrol stations were instructed to publish their prices every day to enable drivers to source the best deals under the Fuel Finder Scheme. Reeves said reporting to third-party apps and websites within 30 minutes may save the average household 40 a year."
"Mr Miliband warned executives from the forecourt operators and firms including Asda, BP, ExxonMobil and Shell that the Government would not tolerate unfair practices."
London motorists face significant petrol price disparities following the US-Israeli conflict in the Middle East. Unleaded petrol has increased 8p per litre, reaching its highest price in 18 months. Chancellor Rachel Reeves met with major retailers including Asda, BP, ExxonMobil, and Shell to address rising fuel costs affecting household finances. The government implemented the Fuel Finder Scheme in February, requiring all petrol stations to publish prices daily and report to comparison apps within 30 minutes, potentially saving households £40 annually. Energy Secretary Ed Miliband warned executives against unfair pricing practices. Price disparities across London stations range significantly, with the cheapest unleaded at 129.9p per litre and higher prices elsewhere.
Read at www.standard.co.uk
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