Oil price falls but drivers STILL forking out at pump

PETROL stations have been accused of exploiting motorists by failing to pass on the recent fall in the cost of oil.

Fuel prices have surged to their highest in almost four years, with drivers hit with the biggest monthly hike in petrol for 18 years in May.

The average price of petrol has gone up to 129.51p per litre and the average price of diesel to 132.43p

But the amount retailers pay for fuel has been falling for more than two weeks. Oil has dipped from 80 dollars a barrel to close to 75. Wholesale petrol has dropped from 44.2p a litre to around 41.4p and diesel costs have fallen from just over 46p to just under 43p.

The AA said two weeks was enough time for prices to have started falling and called for a drop of at least 2p a litre now.

Spokesman Luke Bosdet said fuel retailers, including motorway service stations, have engaged in ‘particularly exploitative pump pricing’.