The RAC is predicting a steep fall in fuel prices. RAC head of policy Simon Williams said: “With oil tumbling to its lowest price for four years, drivers ought to see cuts of up to 6p a litre at the pumps ahead of the notoriously busy Easter weekend on the roads. "As long as the barrel carries on trading around or below the $65 mark, retailers will be … [Read more...]
Motorists saw a better fuel deal last year
Fuel prices went up by under a penny in December making for the third rise in as many months but still remain close to late 2019 levels, reveals new data from RAC Fuel Watch. Petrol finished the month averaging 136.9p across the UK, up a third of a pence (0.36p) while diesel rose two-thirds of a pence (0.67p) to 142.9p. Petrol has increased from 135p at the … [Read more...]
EV, petrol and diesel prices still too high
Motorists are paying too much to keep driving, say Government watchdogs and the RAC. Petrol and diesel prices are staying high because there are fewer forecourts vying for business, according to the latest report from the Competition and Markets Authority. And EV charge-point operators have not slashed prices despite wholesale generation costs coming … [Read more...]
Forecourts still keeping up fuel prices
Fuel prices fell for the second consecutive month but not by as much as they should have with a litre of petrol reducing by 3p and diesel by nearly 4p, shows analysis by RAC Fuel Watch. At the end of June the average price of petrol across the UK was just under 145p a litre – down from 148p at the start of the month. Diesel dropped to under 150p (150.13p) … [Read more...]
Price probe call into ‘rip-off’ diesel fuel
The wholesale price of diesel is now on a par with petrol yet diesel is still being sold for 17.5p a litre more on average at forecourts across the UK, reveals data from RAC Fuel Watch. The average price of petrol stands at 146.63p while diesel is 164.26p despite both fuels selling for around 114.5p on the wholesale market. In fact, on two days last week … [Read more...]
Protection for parts supply until 2029
The Competition and Markets Authority has recommended that the existing retained Motor Vehicle Block Exemption is replaced with an updated UK-specific Motor Vehicle Block Exemption Order to stay in place until 2029. “We are pleased that the CMA understands there are issues with the existing MVBER which need to be addressed for a new UK MVBEO, including … [Read more...]
Dismay at end of PHEV grant as fuel prices soar again
The government is today ending the plug-in car grant allowance for new orders after successfully kickstarting the UK’s electric car revolution and supporting the sale of nearly half a million electric cars. The announcement was greeted with dismay and concern by car makers, the motor dealers and charging network suppliers. It could also boost demand for … [Read more...]
