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UK fuel price climate shows signs of cooling

By / 11 years ago / Latest News / No Comments

The organisation’s data shows that forecourt prices dipped slightly over the weekend, having hit a peak of 137.61p a litre last week. However, at 137.52p a litre, petrol averages 1.74p a litre more than a month ago (135.78p) and is almost 3p dearer than June’s 134.6p price plateau.

The AA also warns of the “Jekyll and Hyde” nature of UK fuel pricing, where prices in some towns have gone up substantially more – some places passing on the full 5p-a-litre lift in wholesale prices during early July.

This has forced drivers in communities of tens of thousands of people to pay above-average prices for the cheapest petrol locally, even at the supermarket. Cheapest petrol at 137.9p a litre is common in many small market and coastal towns.

Paul Watters, head of AA Public Affairs, commented: ‘Recent wholesale price falls and evidence of individual non-supermarket retailers undercutting the superstores suggest the UK fuel price climate is cooling enough for some welcome respite for drivers. It’s probably too soon to expect a price war to break out, but a bit of late summer pump relief for holiday motorists wouldn’t go amiss – so long as it isn’t restricted to towns with competitive supermarkets.’

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Natalie Middleton

Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.