Petrol prices 'no rip-off'

Fuel price rises have been driven by tax rises and the hike in the oil price, the Office of Fair Trading has reported. It says it finds "very limited evidence" that retailers aren't passing on drops in the wholesale price to drivers quickly enough.

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Average breakdown of the price of petol at the pump

Different costs make up the price of petrol at the pump, for example at 130p per litre:

  • The actual cost of fuel would be around 48p
  • The retailer gets about 5p
  • 80p goes on tax and VAT

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