Greg is backing cross-party calls in Parliament for the Government to appoint an independent fuel price ‘watchdog’ following revelations that motorists are being overcharged by £5 million a day for fuel.
Figures just released by the RAC Foundation show that fuel retailers are slapping a further 16 pence per litre on top of the wholesale price of fuel rather than the normally accepted 6 pence margin. Commenting, Sir Greg said: “During the pandemic many people have struggled with the cost of living and it is not acceptable for this kind of profiteering to be taking place.
“People in rural areas like East Yorkshire rely on the car to get to work, get children to school and for much of their shopping. If some retailers cannot deliver a system that is fair to motorists then it is time for the Government to intervene and appoint a watchdog to ensure that the overcharging we have seen lately becomes a thing of the past”.