Fuel Supply Chain Rip-Off

Updated May 14th Whilst the UK is in anguish and economic decline due to the unforeseen COVID19 tragedy, the Government has reacted laudably with various financial means to help businesses, employers, and employees. Yet the unchecked big oil brands and their fuel supply chain wholesalers have deliberately profiteered during the crisis. The evidence is incriminatory but ignored by the CMA and the Government too. The magnitude of the profiteering is on a scale that commands independent investigation. Here are the facts: In the 3 months between December 2019 to February 2020 average pump prices against average wholesale prices including allRead Whole Article

Here are the shocking statistics that still prove the fuel supply is deliberately profiteering, and even worse during #COVID19 lockdown. In this worrying time for all of us. wholesale petrol fell 21%, yet pump prices dropped on average just 9%. Diesel wholesale dropped 17% with filling up costs dropping by only 9%. And its not the independent garages fault either, they are being bullied by wholesalers and the big oil companies who are charging them sky high prices to their bulk deliveries. Average retail and wholesale Fuel Prices for the 3 months of Dec/Jan/Feb compared to the period of Corona-virusRead Whole Article

Oil, Wholesale, Pump Prices Updated for April 22 Greedy oil corporations are not only failing to pass on the massive wholesale falls in petrol and diesel to UK logistics businesses, essential workers and those who have to drive, they are also failing to help small independent garages they supply to get through this crisis. Financially stretched small independent fuel forecourts have contacted FairFuelUK saying, they might not be able to cover their operational expenses due to low fuel sales and could be forced to close for good. Many are already going down and they need monetary help now from their fuelRead Whole Article

March has been the period of Corona-virus Govt strict instructions. Yet the Fuel Supply Chain has held back 17.6p (petrol) and 9.1p (diesel) per litre of wholesale falls from the pumps This means the fuel supply chain has profited by over £400m during March or £15m per day or an estimated £12.50 per driver in March Please note, it is not the small independent retailers benefiting from the crash in wholesale prices. Many are closing and may go bust.  Greedy Oil companies and further up the fuel supply chain businesses have not passed on these falls to forecourts. The onlyRead Whole Article

The price of crude oil dropped to an 18-year low of less than $23 per barrel – equivalent to 12p per litre, cheaper than the 12.5p price of bottled water at Sainsbury’s. “Now in a time of national emergency, when every family, worker, NHS professional, deliver driver, small and medium size business worry daily about their health and financial security, the big oil companies should step up to the plate. They must help the Government cut the cost or living and pass on quickly the fall in international oil prices to drivers.  When the Coronavirus is over, those who helpedRead Whole Article

On behalf of 1.7m supporters, we welcome a significant fall in pump prices in a time of crisis by the  supermarkets, but opportunistic profiteering remains rife in the rest of the fuel supply chain. The Government must act now, to stop these faceless unchecked businesses’ palpable use of the Corona Virus Crisis mercilessly used to fleece drivers, and implement PumpWatch now. Fantastic news for drivers, supermarkets, at last, slashing pump prices. Asda and Morrisons supermarkets have knocked 12p-a-litre off unleaded and 8p-a-litre off diesel, in what’s believed to be the largest ever single price cut of this size. This welcomeRead Whole Article

Corona virus Crisis may be being used as an excuse to fleece motorists at the pumps Since Christmas to March 13th: Oil has fallen by 89% in Sterling Fuel supply chain businesses have increased profit from drivers when they fill up, by 242% for petrol and 175% for diesel. Wholesale petrol has fallen 24% yet retail has only fallen 1% Wholesale diesel has fallen 19% yet retail has only fallen 3% Since Christmas, the Average family car is paying £8.25 more to fill up their tank than necessary. Since March 3rd to March 13th: Oil has fallen by 50% in SterlingRead Whole Article

The world’s highest taxed, most demonised drivers continue to get exploited by greedy unchecked fuel supply chain. Wholesale falls are held back by selfish businesses. The chronic trend goes unmonitored by the Government. Time for the Government to introduce PumpWatch. Wholesale diesel since 30/12/19 down 7% yet pump prices down just 2% (Retail profit up 59%) Wholesale petrol since 30/12/19 down 4% yet pump prices down just 1% (Retail profit up 25%) Oil in £ since 30/12/19 down 14% In the last 8 weeks £334m of wholesale falls have not been passed onto drivers. That’s nearly £6m per day. Retailer profitRead Whole Article