Greedy fuel bosses are ripping off drivers and must be punished, say furious MPs
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GREEDY fuel bosses are ripping off drivers and must be punished, furious MPs have warned.
They accused petrol retailers of keeping pump prices high despite wholesale costs tumbling — and demanded urgent action be taken against them.
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Greedy fuel bosses are ripping off drivers and must be punished, furious MPs have warned
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A group of five Labour backbenchers said: 'High fuel costs are where the public and businesses see and feel the pain of rising bills the most.'
The average petrol price is now 132.5p a litre, with diesel at 138.8p, RAC Fuel Watch said.
Earlier this month, the RAC warned drivers were still being short-changed — saying prices should be at least 4p lower based on wholesale costs.
Back then, petrol was 134.1p and diesel 140.6p, meaning pump prices have hardly moved despite continued wholesale falls.
Led by Dunfermline and Dollar MP Graeme Downie, the Labour group urged the Competition and Markets Authority to 'immediately launch an investigation and consider fining or reprimanding retailers who are ripping off consumers'.
They backed the Government's new PumpWatch scheme but warned: 'It will not bring down prices at the pump.'
Labour has pledged to roll out a Fuel Finder app by the end of 2025 to help drivers track the cheapest prices near them.
PM Sir Keir Starmer also promised Sun readers earlier this year he would 'drive down the cost of motoring'.
The Sun's Keep It Down campaign has helped freeze fuel duty for more than a decade — saving drivers £100billion.
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