Little relief at the pumps for motorists

Published by Helen Knapman on 04 July 2018.
Last updated on 04 July 2018

Motorists were provided with little welcome relief at the pumps in June after suffering the worst monthly petrol price rise in 18 years in May.

According to the RAC’s latest Fuel Watch data, average petrol prices fell over June from 129.37p per litre to 127.59p, while average diesel prices dropped from 132.32p per litre to 130.74p.

As a result, it now costs £70.17 to fully top up an average 55-litre family car with petrol and £71.91 for a similar car that runs on diesel.

But the RAC warns that price falls are unlikely to continue.

Simon Williams, a spokesperson for the motoring body, says: “The big fuel retailers finally bowed to pressure in early June by cutting the price of both petrol and diesel at the pumps – offering some respite to drivers who just a month earlier had experienced the largest jump in average forecourt prices since the RAC began tracking prices.

“But while the price of oil slid back to around $72 a barrel in the middle of month, since this point it has been rising again – ending June nearer $76 a barrel and with wholesale fuel prices now also starting to rise again. So we remain in a period of real volatility when it comes to fuel prices.”  

On a regional basis, London saw the largest drop in average petrol prices in June, although it remains one of the most expensive places to fill up – second only to the South East of England. The North East, meanwhile, is the cheapest place to buy petrol.

It is a similar picture when it comes to diesel: London saw the largest fall in average diesel prices but it stills costs more to fill up there than in most other parts of the UK, with Northern Ireland currently the cheapest.

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I notice Morrisons have

I notice Morrisons have become one of the slowest to reduce prices but fastest to increase prices, they are no longer the best value supermarket filling station plus their loyalty card only gives 0.5p per litre, at first it used to give 1.5p per litre.

I would expect to pay more

I would expect to pay more for fuel in London due to the logistical delivery issues, but what about Motorway Service Stations? Considering the ease of access and the high consumption volumes why should they be more expensive than anywhere else?

Find ways to save petrol &

Find ways to save petrol & parking costs. Car sharing is one way to save if you arrange work &/or shopping trips. Recently in Falkirk, I shopped, walked, used the bus or bike.. Luckily I have shares in Shell !. Looking to buy "pot" shares next.