The RAC Fuel Watch shows there was a 3.5p fall in the wholesale price yet unleaded started and finished the month at 130.6p a litre in October on the forecourt.
And the average price of petrol at Asda, Tesco, Sainsbury’s and Morrisons actually increased by 0.6p a litre in October, despite petrol being cheaper for firms to buy in bulk.
Last night the RAC said the price of filling up a 55-litre family car with petrol has stayed at £71.84 when it should have been £1.92 less “had retailers done the right thing and reflected the lower wholesale price” at the pump.
Diesel also went up by 2.38p from 134.50p to 136.88p, making the cost of a 55-litre tank £75.28.
Buying it at a supermarket saves 3p a litre with the average price standing at 133.67p a litre at the end of October, having risen 2.35p from 131.32p.
The lower wholesale price of petrol has been brought about by an 11 per cent fall in the price of oil which has gone from $84.73 at the start of October to $75.55 at the close.
Last night RAC fuel spokesperson Simon Williams said: “Every motorist driving a petrol car should feel aggrieved that the price of a litre stayed the same in October when it should have fallen by more than 3p. The biggest retailers who are responsible for selling the most fuel have taken drivers for a ride.
He added: “We strongly urge all retailers to lower their petrol prices in line with the reduced wholesale cost of unleaded. And, with the pound gaining strength against the dollar on 1 November, there will be even greater scope for a cut.”
Founder of the FairFuelUK Campaign Howard Cox said: “It is way past time that the Treasury and the Government checked this chronic opportunistic profiteering in the fuelsupply chain. In the last month nearly £500,000,000 has been held back from consumers at the pumps from the fall of wholesale fuel prices.”
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