finance

Oil bosses more than double profits as Brits get ‘fleeced’ at the pumps


FATCAT oil bosses more than doubled forecourt profits in the last four years sparking calls for price cuts.

Stats by campaigners FairfuelUK show firms make 126 per cent more on an average tank of petrol since 2016.

Fatcat oil bosses more than doubled forecourt profits in the last four years

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Fatcat oil bosses more than doubled forecourt profits in the last four years

That is £6 every time an average motor tops up.

Tory MPs urge a price cut of 10p.

Some want Chancellor Rishi Sunak to impose a windfall tax on the fuel companies.

Calling for a pricing watchdog, FairFuelUK’s Howard Cox said: “It nauseates millions that in a time of financial uncertainty rich businesses care so little for their customers’ plight.”

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“Oil barons are the new oligarchs raking in billions of profits and multi-millions for salaries for oil company CEOs.

“Meanwhile hard-pressed motorists are being fleeced at the pumps.

It comes as The Sunday Times revealed one in five workers will be paying higher or top-rate tax by the next general election.





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