Experts Say The Government Is 'ignoring' Shell's Profits

Experts Say The Government Is 'ignoring' Shell's Profits

Petrol prices have started to rise again in Cumbria, with experts describing the cost of living as a "perfect storm".

Just this week, Morrisons in Whitehaven were at 160.7p and 182.7p, petrol today at 162.7p and diesel at 183.7p. He offered.

In Workington, Asda in Workington offered 160.7p for unleaded petrol and 181.7p for diesel. Petrol price today is 161.7 cents and diesel is 183.7 cents.

Earlier this week the best fuel prices in Carlisle, Asda, Chandler Way were 159.7p for unleaded petrol and 182.7p for diesel. Today's surcharge is 160.7 cents and diesel is 183.7 cents.

FairFuelUK founder Howard Cox says:

“Shell's continued high profits are a direct result of global energy price uncertainty, its bets on relative commodity prices, Rishi Sunak's use of tax breaks and ruthless use of pump engines.

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"A good profit is the key, but speculations must be stopped. Apparently, the fuel supply chain has more than doubled the retail volume at the pump in the last three years. We should not blame small independent workshops for not being profitable. The big ones. They are the wholesalers and brand fuel companies that supply, They continue to outpace the UK economy, pay the highest taxes in the world and make the cost of living even more terrifying.

RAC fuel spokesman Simon Williams said this week we saw wholesale diesel prices rise by 9p a liter and petrol by 4.pence a liter after OPEC and its allies agreed to cut oil supply significantly.

Howard Cox said: "Billions in VAT due to pump price hikes, particularly the unfair diesel prices that the Treasury is still using, are distorting the government's desire to tackle the cost of living on behalf of consumers."

"Rishi Sunak should realize that lowering the fuel tax and creating PumpWatch is the fastest and most effective way to reduce inflation."

Read more: Cheapest and most expensive petrol prices in Carlisle and West Cumbria

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