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Oil and energy providers are making a killing while wholesale prices crash

Charlie Weston


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CONSUMERS are getting a raw deal due to the failure of energy suppliers and petrol and diesel retailers to pass on massive falls in their costs (Lewis Whyld/PA)

CONSUMERS are getting a raw deal due to the failure of energy suppliers and petrol and diesel retailers to pass on massive falls in their costs (Lewis Whyld/PA)

CONSUMERS are getting a raw deal due to the failure of energy suppliers and petrol and diesel retailers to pass on massive falls in their costs (Lewis Whyld/PA)

CONSUMERS are getting a raw deal due to the failure of energy suppliers and petrol and diesel retailers to pass on massive falls in their costs.

Crude oil and wholesale electricity prices have collapsed, largely due to the coronavirus outbreak.

Crude oil prices are now down 50pc since the start of the year. The industry is also benefiting from the recent strengthening of the euro currency, as crude is priced in dollars.