Set up an independent regulator to monitor and regulate vehicle fuel pricing

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Petition Action

Set up an independent regulator to monitor and regulate vehicle fuel pricing

Petition Details

Create an independent pricing watchdog for vehicle fuel to ensure that fuel prices reflect changes in wholesale in their pump sale prices.

Additional Information

Analysis by the RAC indicates that retailers are currently overcharging motorists by £5m a day. This is unacceptable

It appears that companies increased fuel prices because of wholesale price increases during the Covid pandemic, but as wholesale prices fall, this is no longer reflected in their retail prices.

Creating an independent regulator for fuel prices would ensure that consumer interests were protected, and retailers held to account.

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