{"id":73443,"date":"2022-12-06T13:08:04","date_gmt":"2022-12-06T13:08:04","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/12\/06\/rural-fuel-more-expensive-says-watchdog\/"},"modified":"2022-12-06T13:08:04","modified_gmt":"2022-12-06T13:08:04","slug":"rural-fuel-more-expensive-says-watchdog","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/12\/06\/rural-fuel-more-expensive-says-watchdog\/","title":{"rendered":"Rural fuel more expensive, says watchdog"},"content":{"rendered":"
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People in rural Britain pay more for fuel than people in cities, putting pressure on the cost of living, a competition watchdog has said.<\/b><\/p>\n<\/div>\n

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Fuel is on average 1.2p a liter more expensive in rural areas, the Competition and Markets Authority said.<\/p>\n<\/div>\n

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Additionally, the CMA said it found some evidence of “rocket and feather” prices in 2022.<\/p>\n<\/div>\n

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This is when fuel prices are rising fast but falling slowly.<\/p>\n<\/div>\n

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Rural fuel prices are consistently higher than urban prices, the CMA said in a report.<\/p>\n<\/div>\n

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The differences in fuel prices require further investigation, it said.<\/p>\n<\/div>\n

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“There are significant price differences between many rural and urban areas,” it said.<\/p>\n<\/div>\n

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People living in rural areas tend to be much more dependent on cars than people living in cities.<\/p>\n<\/div>\n

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On average, they pay more for petrol and diesel than city dwellers.<\/p>\n<\/div>\n

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Depending on where people buy fuel, there can be a cost difference of around 4p per liter between local urban and rural petrol stations.<\/p>\n<\/div>\n

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In general, gas stations with the highest prices have fewer competitors, which raises some competition concerns.<\/p>\n<\/div>\n

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However, rural gas stations face higher costs as they sell less fuel than urban gas stations and higher transportation costs.<\/p>\n<\/div>\n

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Also, the higher prices could allow rural gas stations to stay afloat in sparsely populated areas – if they were to close it would be a problem for local drivers, the CMA added.<\/p>\n<\/div>\n

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While rural prices are higher than urban prices, motorway service station prices are much higher than both.<\/p>\n<\/div>\n

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The watchdog is also concerned that fuel prices rise quickly when wholesale costs rise, but fall much more slowly than those costs when they fall again.<\/p>\n<\/div>\n

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It found evidence of this practice across retailers in 2022, particularly diesel prices, and some evidence that it was leading to higher profits.<\/p>\n<\/div>\n

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However, she said she needed to investigate this more thoroughly to be able to say for sure if this happened.<\/p>\n<\/div>\n

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The price of fuel has skyrocketed due to factors such as the Russian invasion of Ukraine, which has further pushed up the price of diesel. Most diesel in north-west Europe traditionally comes from Russia.<\/p>\n<\/div>\n

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Refiners have charged more for wholesale fuel relative to the cost of crude oil and the pound has been weaker against the dollar, which has also pushed prices higher.<\/p>\n<\/div>\n

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Crude oil is priced in dollars, so a weaker pound makes it relatively more expensive to buy in the UK.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

People in rural Britain pay more for fuel than people in cities, putting pressure on the cost of living, a competition watchdog has said. Fuel is on average 1.2p a liter more expensive in rural areas, the Competition and Markets Authority said. Additionally, the CMA said it found some evidence of “rocket and feather” prices […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-73443","post","type-post","status-publish","format-standard","hentry","category-business"],"yoast_head":"\nRural fuel more expensive, says watchdog - Tahrir News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tahrir2day.com\/news\/2022\/12\/06\/rural-fuel-more-expensive-says-watchdog\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rural fuel more expensive, says watchdog\" \/>\n<meta property=\"og:description\" content=\"People in rural Britain pay more for fuel than people in cities, putting pressure on the cost of living, a competition watchdog has said. 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