Motorists warned not to fill up with petrol this week after change in law

Close up color image depicting a man's hand holding the hose and filling up his car with gas at the petrol station. Room for copy space.
-Credit: (Image: No credit)

Motorists refuelling their vehicles this month might feel the impact of a recent legislative change that could potentially lead to savings at petrol stations. The government has recently brought into action a new law which means they have the power to scrutinise and address price exploitation at petrol and diesel forecourts.

This development comes as the RAC has reported that the UK bears the highest diesel costs in Europe, alongside some of the most expensive petrol prices. It is hoped that the Digital Markets, Competition and Consumers Act will result in reduced fuel prices at service stations and put an end to excessive retail margins on fuel purchases.

At present, the average cost for a litre of petrol is 149p, with diesel at 155p, both significantly exceeding the European averages of 144p for petrol and 134p for diesel, reports the Express.

The new legislation, which came into force on May 24, states: "The Act will also give new powers to the CMA to closely monitor road fuel prices and report any sign of malpractice to the government." This may lead to decreased fuel prices once the law is fully operational, suggesting that drivers might benefit from holding off on filling their tanks to see if prices decline.

The RAC commented: "We can see no good reason why retailers in Great Britain aren't cutting their prices at the pumps. It's important to note that in Northern Ireland, where there is greater competition for fuels in the absence of supermarket dominance, the average price of diesel is just 144.9p 10p less than the UK average, and petrol is 6p cheaper at 142.4p."

"There is cause for hope for fairer fuel prices in the future as the Digital Markets, Competition and Consumers Act became law on Friday, giving new powers to the Competition and Markets Authority to closely monitor road fuel prices and report any sign of malpractice to the Government."