By James Salmon Transport Editor For The Daily Mail
Published: 22:35 BST, 23 April 2019 | Updated: 16:07 BST, 24 April 2019
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Fuel retailers have raked in £5million in excess profits from motorists every day by failing to pass on falls in their wholesale costs, according to a report.
An audit which has tracked fuel prices for more than four years estimated that this tactic has generated almost £8billion extra for firms since January 2015.
It has calculated that over this period drivers have paid an average of 4p a litre – or £2.20 a tank – more than they should have, given the variable price of crude oil.
An audit which has tracked fuel prices for more than four years estimated that this tactic has generated almost £8billion extra for firms since January 2015
Campaign group FairFuelUK, which published the report, said millions of motorists are being 'exploited' and accused the industry of 'profiteering'.
The report comes as drivers count the cost of the highest Easter pump prices for five years. Among the most glaring findings is a difference of up to £22 in the cost of filling up at two forecourts a few miles from each other in London.
An Asda filling station in Tottenham was charging 118.7p a litre for unleaded petrol yesterday – or £65.29 to fill up a typical family car with a 55-litre tank. Meanwhile, a Gulf station in South Kensington was
