Fleet World Workshop Tools
Car Tax Calculator
CO2 Calculator
Car Comparator
Van Tax Calculator
EV Car Comparator
BiK Rates Company Car Tax

Brief fall in fuel prices now over, reports AA

By / 10 years ago / Latest News / No Comments

The latest AA Fuel Price Report shows that, although mid-June's average UK petrol price is almost penny a litre lower than a month ago, it has gone up a third of a penny in the past week.

Petrol in the UK currently averages 136.07p a litre, down 0.86p on mid-May levels. The stock market "flash crash" in oil prices at the start of May took petrol down from a record high of 137.43p on 9 May to 135.75 on 5 June, before prices started going up again.

Diesel car owners enjoyed a greater fall in costs before prices started to rise again. Diesel now averages 139.77p a litre at the pump, down 1.72p on mid-May. Having hit a record of 143.04p a litre in the second week of May, the fall bottomed out at 139.34 on 5 June, before rising 0.43p to where it is now.

The AA also says that drivers have been denied much of the saving that the crash in oil price, from $126 to below $110 could have allowed. It adds that this has short-changed drivers by around 2p a litre or a £1 a tank.

'Without transparency in the oil and fuel markets and a regulator to ensure fair prices, drivers, consumers and the nation are open to being ripped off by whoever wants to make an extra buck,' said Edmund King, the AA's president.

For more of the latest industry news, click here.

The author didn't add any Information to his profile yet.