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...]
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...]
Pump prices begin rising again, says RAC Fuel Watch
A surge in world oil prices in December has brought an end to four months of falling petrol prices with a litre of unleaded going up very slightly (0.24p) to 126.11p, data from RAC Fuel Watch reveals. The price of oil increased $3 ($2.91) a barrel over the course of the month from $63.61 to $66.52 – a rise of nearly 5% – as a result of the United States and China cooling their 17-month trade war. … [Read more...]
Tradelines 28 August
The Petrol Retailers Association has welcomed hints carried by national media that the Treasury may be considering fuel duty cuts in the upcoming Autumn Budget, said Brian Madderson, Chairman of the PRA. Senior sources have confirmed that the Government would announce the 2ppl fuel duty cut later this year - the first reduction of the motoring tax in eight years - after lobbying by the … [Read more...]
UK Government make fuel costs among highest in world
UK drivers are paying significantly more for petrol and diesel than other countries in Europe and further afield. Used car supermarket, CarShop, has researched the cost of petrol and diesel for UK drivers, and compared it against other countries to see just how much more we are paying per litre and why. Shockingly, the UK is one of the 10 most expensive countries in the world for diesel, with UK … [Read more...]
Rising pump prices in Wales led by diesel
Motorist across Wales will be digging a little deeper into their pockets to pay for fuel, as the average price of petrol and diesel in the region increased as much as 7.3p in 12 months. According to Confused.com’s fuel price index, diesel drivers are bearing the brunt of the increases the most as the average cost per litre has increased to 130p – up a whopping 7.3p year-on-year. This is … [Read more...]
Pump prices continue rising, RAC Fuel Watch reports
The average price of petrol rose for the second month in row with a litre going up by 2p in March to 122.58p, data from RAC Fuel Watch shows. This means filling a 55-litre family car with unleaded now costs £67.22. The average price of diesel also increased but only 0.70p to 130.67p taking a fill-up to £71.87. This is the second straight monthly increase for both fuels, making unleaded 2p … [Read more...]
Fuel retailers keeping up pump prices, says RAC
Pump prices fell for the second consecutive month in December, but not by the level they should have done considering the sharp drop in the price of oil, data from RAC Fuel Watch shows. The average price of unleaded went down 2.75p from 123.67p to 120.92p and diesel reduced by 3.08p from 133.09p to 130.01p. Oil, however, crashed 14.5% from $60.31 at the start of the month to $51.52 on 27 … [Read more...]
Falling fuel prices are not enough, say RAC
November saw largest petrol price drop in four years – but retailers still didn’t cut far enough, says the RAC. In Wales the monthly drop was just over 5pp litre down to 124.73ppl, tenth out of 12 parts of the UK which recorded decreases. The price of petrol fell by more than 5p per litre in November, the biggest monthly drop since January 2015 and the first major price reduction since … [Read more...]
Fuel prices hit four year high
August saw yet another rise in the price of both petrol and diesel meaning that prices have gone up for eight of the last 12 months making both fuels 13p more expensive than this time last year, new RAC Fuel Watch data reveals. Pump prices continue to creep ever upward with unleaded increasing by 1.65p to 130.59p and diesel by 1.32p to 132.19p in the month. A year ago, however, petrol was … [Read more...]
