There is still no sign of the fuel supply chain passing on reduced oil prices and published wholesale falls to UK motorists since the Brexit referendum. This is causing much concern to the widespread business community.
Since the EU Referendum FairFuelUK estimates that over £400m has been held back by unprincipled fuel suppliers out of consumer spending and the consequential benefit to the economy.
Howard Cox, founder of the FairFuelUK Campaign & Secretariat to the APPG on FairFuel said: “Our campaign supporters from UK motorists, hauliers and small businesses across the UK are incensed that in the 5 weeks since the EU Referendum, significant falls in fuel wholesale prices have been ignored by retailers.
“We are told by some garage owners that they should not be blamed, as they are not getting these published wholesale numbers and are being overcharged by as much as 6 pence per litre. So who is fleecing the motorist? What is the truth? It really is time for the Government to investigate the opaque pricing process at the pumps.”
Quentin Willson, Motoring Journalist and Lead Campaigner for FairFuelUK said: “Petrol margins at the pumps have nearly doubled since Brexit with diesel up by 50%. Motorists blame retailers but there is something more sinister as it seems wholesalers are not passing on these welcome falls in oil to retailers. The whole fuel supply chain cartel seems to be colluding behind a smokescreen of post Brexit uncertainty. The Government must act now to stop this deception.”
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