The RAC is urging retailers to cut the forecourt price of petrol to reflect the falling price of unleaded fuel on the wholesale market. The price of oil is currently the biggest factor affecting the price UK drivers pay at the pumps, and a barrel of Brent crude oil ended both Monday and last Friday under $45 – the first time it has dropped to this point … [Read more...]
Wales fuel price rises among the lowest in UK
Welsh motorists are getting some of the best deals at petrol pumps, according to RAC Fuel Watch. The average prices of petrol & diesel have increased for the fourth month running, according to RAC Fuel Watch data for June, but wholesale fuel prices have only risen very slightly as a result of the pound weakening after the UK voted to leave the … [Read more...]
Pump prices not fuelling EU exit row
A pump price rise has not fuelled the row over Britain voting to leave the EU, says the RAC. RAC fuel spokesman Simon Williams said, “Despite the dramatic fall in the strength of the pound in the aftermath of Britain’s referendum vote to leave the European Union there has not been as big an effect on wholesale fuel prices as might have been expected. This … [Read more...]
Fuel prices warming up as summer begins, says RAC
The average prices of petrol and diesel have increased for the third month in a row making filling up an average family car around £5 more expensive than it was at the end of February. RAC Fuel Watch data for May reveals that the average unleaded pump price rose 2p a litre (1.92p) from 108.67p a litre to 110.59p, adding £1 to the cost of filling up a … [Read more...]
Pump prices rise for second month in a row
RAC Fuel Watch data for April shows motorists have suffered the second consecutive month of price rises at the pumps. It is a result of a 25% increase in the cost of a barrel of oil from $36.51 to $45.49, leading to the highest price since 10 November 2015. The escalating oil price is the primary reason behind the forecourt increases with the average … [Read more...]
Welsh motorists paying heavily for fuel, says RAC
Petrol prices in Wales have risen the most in Britain in the last month, says RAC Fuel Watch. It saw a 3.7% rise to an average of 105.1ppl from 101.4ppl, heading the increases in East Anglia and West Midlands. Diesel drivers in Wales did worse with a 3.74% rise but it was not the biggest jump in Britain, with East Anglia, the South East and North West … [Read more...]
Supermarkets urged to give motorists fairer deal on pump prices
The RAC is urging supermarket fuel retailers to make bigger cuts to the price of diesel following this week’s 2p a litre reduction at the pump. RAC Fuel Watch data shows the wholesale price of diesel has now fallen 6p a litre lower than petrol, meaning there is scope for at least another 3p a litre cut. RAC fuel spokesman Simon Williams said, “A … [Read more...]
Call for fairer deal over diesel prices
Despite the wholesale price of diesel being cheaper than petrol for all of June motorists are still paying 3p a litre more at the pumps. The RAC’s Fuel Watch report for June shows the price of diesel has become the ‘elephant in the room’ with wholesale prices 1p to 3p a litre lower than petrol yet the average price of a litre of diesel is 120p, compared … [Read more...]
Budget hopes for fuel tax cut?
AA research reveals that the UK continues to levy the highest level of road fuel tax in the EU – despite four years of a fuel duty freeze. With the Budget due on Wednesday and fuel duty frozen until after the election, the AA challenges all political parties to commit in their election manifestos to: a continued freeze on fuel duty – at least until it … [Read more...]
Fuel cards and offers save businesses money
Fleets are burning money when they pay more than they should for fuel, according to analysts at TrackCompare.co.uk. It carried out a survey and found 40% of small businesses don’t actively seek out the cheapest pumps and one in five ignore supermarket forecourt filling stations. According to fuel card provider Fuel Genie, small businesses could save … [Read more...]
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