Fuel bosses are raking in £30million a DAY as they fail to slash petrol and diesel prices


Petrol bosses taking advantage of high fuel prices are making £30million in a day.

People campaigning for fuel prices to decrease said the cost of filling up a car could have decreased by 20p per litre.

However, fuel chiefs are raking in up to 29p per litre in profit on petrol alone, according to The Sun.

Statistics showed bosses are making even more – 35.7p per litre – on diesel.

FairFuelUK’s Howard Cox said: ‘Prices at the pumps should now be 15p to 20p less, due to oil costs falling by 30 per cent in March plus a welcome 6p cut in fuel taxes.’

Meanwhile, Conservative MP Craig Mackinlay said: “It is now obvious that motorists are being fleeced by the fuel supply chain.

“Wholesale oil prices are way down from historic highs but the price at the pump has moved down by mere buttons.’

It comes as Britain is in the grips of another fuel crisis with one in three petrol stations in the south forced to shut after climate activists caused days of disruption at oil terminals.

Around 1,200 pumps south of the midlands have been forced to turn away motorists, the Campaign for Fair Fuel has claimed, in the wake of the action by Just Stop Oil.

The eco protestors have been targeting oil terminals across the south of the country, including in Hertfordshire, Essex and Warwickshire this morning by locking themselves to pipes.

The action has been blamed for shortages of both petrol and diesel at stations compounding misery for drivers already facing record prices at the pump, reported at over £2 a litre in some areas.

Mass protests have seen over 800 arrests across the country and put a ‘real strain’ on local police services with over 50 more arrests expected today.

The protests are exacerbating existing supply issues due to increased demand after Covid lockdowns and Russia’s ongoing invasion of Ukraine.

Source: Dailymail