Best Black Country fuel prices as petrol station boss hopes for loyalty after supermarket probe
Supermarkets appear to be lowering their prices after an investigation found drivers were paying an extra six pence per litre of fuel last year due to stores increasing their profit margins.
The boss of one Wolverhampton petrol station which has championed low prices says he hopes customers will be loyal following the supermarket probe.
The Competition and Markets Authority (CMA) watchdog said average supermarket fuel margins rose by 6p per litre between 2019 and 2022.
The inquiry also found that an increase in margins on diesel across all fuel retailers cost drivers an extra 13p per litre during the first five months of this year.
The CMA recommended that the Government introduces legislation to enable a fuel finder open data scheme to be created.
Independent retailers have continued to be the cheapest for both petrol and diesel since fuel prices hit all-time highs over the past year, with some stations hitting over £2 per litre of diesel at one stage.
Prices have fallen since then, with the UK average price of petrol currently at 144.01 pence per litre, and diesel at 145.59 pence per litre.
Total Energies petrol station on Dudley Road, Wolverhampton, have been the cheapest for both petrol and diesel for many months now, going back almost a year, and they remain the cheapest, with customers travelling from all over the West Midlands to fill up.
