Proof oil and energy giants ARE ripping us off – as prices tumble we pay 40% too much for power and 18% extra for petrol

‘A Money Mail investigation can reveal how households are paying up to 40 per cent extra for power and 18 per cent for petrol, despite recent price falls.

Analysis of official data shows how major ­suppliers have managed to open a huge gulf as they raised and then lowered consumer prices in line with energy costs.

The price of wholesale energy and a barrel of oil have been dropping dramatically since last June. What drivers pay at the pump has also fallen, and energy suppliers are starting to pass on cuts to households.’

Read more: Proof oil and energy giants ARE ripping us off – as prices tumble we pay 40% too much for power and 18% extra for petrol