Fuel retailers in the UK have been accused of keeping prices artificially high, exploiting the public’s focus on the General Election. The RAC has claimed that prices for petrol and diesel are “far higher than they should be” as wholesale costs have dropped since the end of April, yet retailers’ margins remain “persistently high.”
The current average price of a litre of petrol in the UK forecourts stands at 146.3p, which is “5p more expensive than it should be,” according to the RAC. In contrast, Northern Ireland is charging 141.1p for the same product. Additionally, the UK has had Europe’s most expensive diesel for seven weeks, with a litre costing an average of 151.5p, nearly 10p higher than Northern Ireland’s 141.9p.
