Shell (LON: SHEL) said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries.
UK inflation slowed last month on the back of falling motor fuel and computer game prices, official statisticians have revealed.
Petrol prices have been cut by up to 2p per litre by supermarket Asda after a fall in wholesale costs.
UK motorists are being warned to expect a hike in the cost of unleaded petrol due to Hurricane Harvey.
Petrol prices have risen to their highest level in more than two years, figures show.
Motorists are paying more for fuel at the pumps following the EU referendum result despite the price of oil falling, new figures show.
Fuel prices went up by more than 2p per litre last month, new figures show.
Petrol prices have been cut to less than £1 a litre at a number of supermarkets.
Asda has cut the price of petrol at all its filling stations to under £1 a litre for the second time, raising the stakes in the Christmas price war.
Supermarket Asda dropped the price of unleaded petrol today - despite saying it would not take part in the Black Friday discount day.
More than 30 MPs are backing a campaign for the competition watchdog to fully investigate vehicle fuel pricing amid growing anger around the “rip-off” cost of diesel. FairFuelUK said 32 MPs from across all parties had pledged their support this week to its campaign for the Competition and Markets Authority (CMA) to look at retail price changes in relation to oil cost fluctuations, commodity speculation, wholesale prices and distribution costs “to stop further blatant, opportunistic and unfair profiteering taking place at the pumps”. The support comes as the RAC called on supermarket fuel retailers to make further cuts to the price of diesel, saying a reduction in wholesale costs leaves scope for at least another 3p cut.
Petrol prices have fallen to their lowest level for nine months - but campaigners said last night the cost was still "strangling the economy".