Petrol price

PETALING JAYA: The price of RON97 will go down by 5 sen to RM4.50 per litre, the finance ministry announced. The price of RON95 is unchanged and will continue ...

Motoring groups turn heat up on fuel retailers amid cost of living crisis.

Morrisons lowered petrol prices across the UK, the latest supermarket to reduce costs for motorists amid a historic squeeze in living standards.

RAC says wholesale cost of unleaded now back to early May price which means a litre should be around 167p, not 183p.

East 31/07/2022 01/07/2022 North East East 31/07/2022 East Midlands 01/07/2022 This is really encouraging because the independents buy new stock less frequently than the supermarkets as they don’t sell as much, and consequently aren’t as well positioned as their rivals to be able to snap up fuel at lower prices when there are sudden market drops.” Wholesale petrol averaged virtually the same last week which should – if retailer’s pass on the savings they’re benefitting from – in theory bring pump prices down to a similar level to what we saw in mid-May. “What ought to have happened is that the biggest retailers cut their prices more significantly on a daily basis, given the wholesale price of petrol has fallen steadily over the last eight weeks. And diesel should be closer to 182p – nearly £6 a tank lower than the end of July average.

Supermarkets faced criticism for keeping their petrol prices high during the rising cost of living.

The store introduced its cuts in two stages last week in line with Asda by an average of 5p. Petrol prices have soared to astronomical prices this year, but they have started to see a drop in recent weeks. The supermarket chain has cut the cost of unleaded by 5p per litre and diesel by 3p per litre at all filling stations across the country. Tesco announced this week that it has cut the cost of petrol by 6.5p per litre, while diesel was slashed by 4.5p. The UK supermarket chain announced it has cut the cost of its unleaded and diesel by an average of six pence a litre in a bid to help drivers keep costs low. Morrisons has become the latest major retailer to join the supermarket petrol price war by slashing the cost of fuel at 399 filling stations across the UK.

The RAC said that, while several major retailers reduced their prices last week, the cuts are not enough to be in line with the wholesale cost.

We price locally and competitively.” Start your Independent Premium subscription today. “In many areas of Britain, a 10p-a-litre drop in pump prices is still a ‘pumpdream’. And that is where the fuel trade is forcing struggling drivers to play the pump-price postcode lottery. RAC fuel spokesman Simon Williams said: “July has been an unnecessarily tough month for drivers due to the big four supermarkets’ unwillingness to cut their prices to a more reasonable level, reflecting the consistent and significant reductions in the wholesale cost of petrol and diesel. The RAC said that, while several reduced their prices last week, the cuts are not enough to be in line with the wholesale cost. The RAC said that, while several major retailers reduced their prices last week, the cuts are not enough to be in line with the wholesale cost.

MORRISONS is the latest supermarket to slash fuel costs to help drivers after months of near-record prices.

The supermarket chain is passing on recent reductions in wholesale fuel prices directly to customers to reduce the cost of motoring. “What ought to have happened is that the biggest retailers cut their prices more significantly on a daily basis, given the wholesale price of petrol has fallen steadily over the last eight weeks. The last time unleaded was this price on the wholesale market was in early May which a week later led to a UK average pump price of just 167p a litre. The wholesale cost of petrol delivered to forecourts has fallen for eight consecutive weeks by a whopping 20p from 151.93p at the start of June to 131.75p a litre in the last week of July. Drivers visiting one of its 323 petrol stations will save five pence per litre on unleaded petrol and three pence per litre on diesel. Morrisons has cut the cost of unleaded petrol and diesel by an average of six pence a litre over the last week at all of its UK forecourts.

Retailers are not fairly reflecting the fall in wholesale petrol prices for consumers at the pump, RAC Fuel Watch data shows.

“What ought to have happened is that the biggest retailers cut their prices more significantly on a daily basis, given the wholesale price of petrol has fallen steadily over the last eight weeks. The RAC said that the failure of the biggest retailers to reduce petrol pump prices in line with the drop in the wholesale price of unleaded has cost drivers dearly. The wholesale cost of petrol delivered to forecourts has fallen for eight consecutive weeks by a significant 20p from 151.93p at the start of June to 131.75p a litre in the last week of July. The last time unleaded was this price on the wholesale market was in early May, which a week later led to a UK average pump price of just 167p a litre.

Morrisons has become the latest supermarket to reveal price cuts for petrol and diesel, offering drivers a small relief at the pumps despite fuel costs ...

Andrew Ball, fuel operations manager at Morrisons, said: "It's the summer holidays and we know how tough the current cost of living is for our customers. Tesco has made the largest cut to the price of fuel, cutting the price of petrol by 6.5p and diesel by 4.5p. The cost of petrol and diesel have already begun to fall. At the start of the month fuel prices reached amounts of 191.53p for petrol and 199.07p for diesel, making a full tank of petrol the most expensive it has ever been. Last week Asda announced that it has cut the price of petrol and diesel for its customers. Morrisons has cut the cost of unleaded petrol and diesel by an average of 6p a litre over the last week at all of its UK forecourts.

It says pump prices don't fairly reflect the fall in the wholesale price of fuel, meaning major retailers should be cutting pump prices much further.

RAC figures show unleaded dropped nearly 9p in July to 182.69p per litre, while diesel fell almost 7p to 192.38p. Wrexham's Plas Acton Garage has dropped petrol ...

"So, there'll be a lag. Ian Bailey said: "Because we're independent, we get the prices every morning. We work on a margin and we tap that in and that's what we sell it for."

Prices have held steady for 71 days now across the country, except in Maharashtra where the state government announced a cut in value-added tax (VAT) on ...

This brought down the price of petrol to Rs 106 a litre and diesel to Rs 94 per litre in Mumbai. Petrol price: Rs 106.03 per litre, Diesel price: Rs 92.76 per litre In Mumbai, one litre of petrol today is priced at Rs 106.31 while diesel retails at Rs 94.27 per litre, according to the data on Indian Oil Corporation’s website showed. Petrol price: Rs 102.63 per litre, Diesel price: Rs 94.24 per litre Petrol price: Rs 96.72 per litre, Diesel price: Rs 89.62 per litre Petrol price: Rs 106.31 per litre, Diesel price: 94.27 per litre

Petrol Diesel Rate Today(August 3, 2022): Petrol price in Delhi stands at Rs 96.72 per litre while diesel is available for Rs 89.62. In Mumbai, petrol is ...

Diesel (Rs/litre) Petrol (Rs/litre) The government on Tuesday halved the windfall tax on the export of diesel and scrapped the levy on jet fuel (ATF) shipments but raised the tax on domestically produced crude oil. The tax on the export of diesel was cut to Rs 5 per litre from Rs 11. However, the tax on domestically produced crude oil was hiked to Rs 17,750 per tonne from Rs 17,000. They were simultaneously last revised across the country on May 22 when the central government had cut the excise duty on petrol by 8 per litre, and 6 rupees per litre on diesel.

Early on Thursday afternoon, the app showed Waitomo on Tinakori Road in Wellington was charging $2.59 a litre; Caltex on Newton Road in Auckland was charging ...

"Why it was unexpected is because in the US and globally, demand is starting to come back a bit. The decline came as a result of demand falling short of predictions in the US due to recession fears, he said. "It's come as a surprise on the international market, and it has been rapid over the last couple of days," Collins said.

News News: Petrol-Diesel Price Today: In Delhi, petrol price today is Rs 96.72 per litre as opposed to Rs 105.41 per litre earlier to the excise duty cut, ...

Rs 89.76 Rs 96.57 Rs 94.27 Rs 106.31 Rs 89.62 Rs 96.72

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The prices of petrol and diesel on August 4, were left untouched by OMCs once ...

WTI Crude was at $91.21 a barrel, up 55 cents, according to Reuters. Brent crude futures were up 53 cents to trade at $97.31 a barrel. Chennai: Petrol price: Rs 102.63 per litre, Diesel price: Rs 94.24 per litre Prices have held steady for 71 days now across the country, except in Maharashtra. Pieces were cut in Maharashtra when the state government announced a cut in value-added tax (VAT) on petrol by Rs 5 a litre and by Rs 3 a litre for diesel earlier last month — a move that will cost the state exchequer Rs 6,000 crore on an annual basis. Delhi: Petrol price: Rs 96.72 per litre, Diesel price: Rs 89.62 per litre Public sector OMCs including Bharat Petroleum Corporation Ltd ( BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd ( HPCL) revise the fuel prices daily in line with international benchmark prices and foreign exchange rates.

The leading Oil Marketing Companies (OMCs) have released new rate list of petrol and diesel prices on Thursday, August 4 and as per the latest list the ...

Bengaluru: Petrol price: Rs 101.94/litre, Diesel price: Rs 87.89/litre Chennai: Petrol price: Rs 102.63/litre, Diesel price: Rs 94.24/litre Ajmer: Petrol price: Rs 108.43/litre, Diesel price: Rs 93.67/litre If any changes in the prices of petrol and diesel occur, it is implemented at 6 AM everyday. Sri Ganganagar: Petrol price: Rs 113.65/litre, Diesel price: Rs 98.39/litre The fuel prices have been constant since since finance minister Nirmala Sitharaman announced a slash in excise duty on petrol and diesel.

UK Prime Minister Boris Johnson sought to reset his embattled leadership with vows to tackle Britain's cost-of-living crisis.

RAC spokesman Simon Williams called it “a truly dark day” for hard-pressed drivers, and urged the government to slash sales tax on petrol and diesel. “This government is on the side of the British public in coping with those pressures.” The paper also reports the RAC Limited (a British automotive services company) accused supermarket chains Asda, Wm Morrison, Tesco and J Sainsbury of an “unwillingness to cut their prices to a more reasonable level”.

Bhubaneswar: The prices of petrol and diesel have been considerably steady in Odisha and other parts of the country. Customers are reportedly paying Rs ...

Customers are reportedly paying Rs 103.60 per litre of petrol in the State Capital while diesel is being sold at Rs 95.15 a litre. In Cuttack, customers are paying Rs 103.38 and Rs 94.93 per litre of petrol and diesel respectively. Similarly, petrol is being sold at Rs 108.91 in Malkangiri. In Ganjam, petrol costs Rs 104.45 and in Sambalpur for Rs 103.85.

Reports state that the oil marketing companies are allegedly incurring a loss of Rs 13.08 a litre on petrol and Rs 24.09 on diesel.

Finance Minister Nirmala Sitharaman had also announced to cut excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per litre on May 21. - Petrol in Hyderabad Rs 109.66 and diesel Rs 97.82 per litre - Petrol in Thiruvananthapuram Rs 107.71 and Diesel Rs 96.52 per litre - Petrol in Jaipur Rs 108.48 and Diesel Rs 93.72 per litre - Petrol in Lucknow Rs 96.57 and Diesel Rs 89.76 per litre - Petrol in Noida Rs 96.57 and diesel Rs 89.96 per litre

Based on average wholesale prices last week, the RAC estimates petrol should be around 167p a litre, which means drivers filling up now at the end of July at an ...

“What ought to have happened is that the biggest retailers cut their prices more significantly on a daily basis, given the wholesale price of petrol has fallen steadily over the last eight weeks.” Based on average wholesale prices last week, the RAC estimates petrol should be around 167p a litre, which means drivers filling up now at the end of July at an average of 182.69p a litre, are paying nearly £9 a tank more than they should be. The RAC suggests the biggest fuel retailers fail to reduce petrol pump prices in line with the drop in wholesale prices.

Many drivers are turning to cycling in frustration at record petrol costs, and some have now sold their cars to rely solely on cycling - and say they feel ...

I thought 'if this car dies I want to shift to being on a bike and hiring a car if I really need one." "Even the rain doesn't stop me - I live in Preston, it rains all the time and it's fine. "When you add fuel prices onto the cost of running a car, and motor insurance.... I love it so much, I wouldn't go back if I could help it. "My pulse is down to 54 beats a minute. "There was a lot of financial concern. “The answer to that is more and better infrastructure for cycling and walking, giving more people the opportunity to do so safely rather than default to driving a short trip to work or the shops." "I cycle three days a week for work then do 10 to 15 miles on the weekend, so I cycle four to five days a week. So she went and bought a second-hand Trek hybrid bike for £200 in April, and loves it so much she is now on the waiting list for a new electric bike too. "Getting on the bike, every ride is a little adventure and you do look forward to it." Richard said: "It gets to the point where you're owning a car just for the sake of owning a car. "Touch wood, at the moment I've not found anything I couldn't do on a bike I could do in a car - but getting the dog to the vets might be an issue!