STOP RIPPING OFF DRIVERS AT THE PUMPS

RAC demands 5p-a-litre cut on fuel

- NATASHA WYNARCZYK

THE RAC has called on major retailers to cut petrol by 5p a litre, due to lower wholesale costs.

It is urging them to bring prices down to £1.50.

The firm says there is an ongoing "big lose-lose", where drivers are missing out on cheaper fuel and the Treasury is losing tax revenue. It comes as the "Big Four" supermarkets' margin on petrol was 14p in October, double the figure for the year to date.

As it stands the 5p duty cut, brought in shortly after Russia's invasion of Ukraine last year, is not benefiting drivers and, instead, appears only to be helping retailers who have chosen to increase their margins, says the RAC.