The average price a litre of unleaded petrol fell below the 106p mark in May, the first time in more than four years that the price has dropped to this level, although drivers should be braced for the start of price rises, suggest latest RAC Fuel Watch data. As the lockdown in England was eased and more drivers headed onto the roads, the cost of refilling a 55-litre family-sized petrol car … [Read more...]
Fuel costs falling again
The average cost of filling up a car with unleaded petrol has dropped to its lowest level since May 2016, as a result of the historic oil price falls caused by the coronavirus outbreak, shows data from RAC Fuel Watch. The average price of a litre of petrol fell by 4.15p in April, from 113.1p to 108.95p, meaning the cost of filling a 55-litre hatchback car fell from £62.21 to just £59.92. Those … [Read more...]
Fuel prices rip off claim
Motorists are being ripped off by petrol companies,claims the AA has which says falling oil prices are not being reflected on forecourts. The motoring group calculates drivers are overcharged by more than £5 a tank. "Questions will be asked about the fairness of pump prices during the great oil crash of 2020," the AA said. The RAC has said the same. Bu Brian Madderson, chairman of the Petrol … [Read more...]
Fuel prices collapse but there’s a warning as well
Amid exceptional circumstances, UK petrol prices fell by their largest margin in 12 years in March, triggered by a complete collapse in the world oil price, says the latest RAC Fuel Watch report. While the price of a barrel of crude oil began the month above $50, by the end of March it had plummeted by 66% to under $18, its lowest level in 18 years. This was due to a combination of plunging … [Read more...]
Tradelines 25 March
Petrol prices crashed to an 18-year low this week. Falling oil wholesale cost saving are now reaching forecourts and Morrison’s has slashed 12ppl petrol and 8ppl diesel with prices at about 104ppl and 111ppl respectively, says the RAC, which is urging drivers to only go out if vital and support small independent retailers if they can. National Express timetables will be reduced today after which … [Read more...]
Newslines 13 March
The first BMW 2 Series Gran Coupe goes on sale this week from £25,815. Unveiled in November, it completes the 2 Series line and the company’s four-door coupe range and will be available with a choice of 140hp or 306hp petrol engines and a 190hp diesel. Almost half the Ford UK 400 dealers could be axed in a radical shakeup to boost profits by the car-maker, reports media. Ford has declined to … [Read more...]
Fuel prices fall may be hit by Budget bash, warn RAC
Don’t hold your breath for fuel cuts, warn the RAC. The plunging price of oil over the weekend should bring down pump prices within days, but RAC fuel spokesman Simon Williams said, “This is looking like the biggest single daily drop in the oil price in 20 years. “It should translate to some serious cuts at the pumps, particularly as the price of both petrol and diesel is still overpriced … [Read more...]
Call on Chancellor to push green drive
With the ban on new diesel and petrol cars brought forward to 2035, wednesday’s Budget is the time for the Government to put its money where its mouth is. There’s no doubt that alternative fuel vehicles are the future, but the motor industry needs support if it’s to hit the goal, said Seán Kemple, Director of Sales at Close Brothers Motor Finance. “For drivers, it’s time to see mandatory … [Read more...]
Poorest to be hit hardest by planned new fuel grade
Government plans for a new petrol standard next year will hit 600,000 motorists who cannot use it and lead to social hardship and exclusion, according to the RAC. The Government has proposed replacing the minimum E5 standard for petrol blended with ethanol and substituting an E10 grade, which uses more ethanol but produces less carbon emissions. However, engineers say it may need engines being … [Read more...]
Mounting concern over Government “green plan”
The Government’s plan to bring forward the ban of petrol, diesel, and hybrid vehicles is ambitious, but does not have a basis on which to achieve it, said Brian Madderson, Chairman of the Petrol Retailers Association. Today, plans have been unveiled to move the date when non-electric cars are banned from 2040 to 2035, with a possibility of the date being brought forward further. The PRA believes … [Read more...]