RAC urges UK retailers to reduce petrol prices by 6p/litre as motorists could save £3.90 per tank.

The RAC warns UK retailers to reduce petrol prices, stating that motorists should pay approximately 6p less per litre, potentially saving £3.90 per tank. The organisation claims that retailers have the capacity to lower pump prices due to falling wholesale costs and a rise in the value of the pound against the dollar. The Competition and Markets Authority previously reported that drivers were overcharged by £1.6 billion annually.

August 28, 2024
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