Motorists are paying the lowest price for petrol in four years access to latest rac data.
Petrol Prices fell 2p a litre in may, the third conscious month of falling prices and the lowest available in Almost Four Year, According to Rac Fuel Watch.
Diesel, which also fell by 2p last month, moved below 139p for the first time Since September 2021.
The 2p-a-litre drop in both fuels means another £ 1 was shaved off the cost of filing a 55-litre family car. A full petrol fill-up is now £ 72.74 while diesel is £ 76.13.
Unleaded has come down by more than 7p Since the end of february (139.65p) and diesel by 8p (146.5p), saving drivers £ 4 a tank.
A litre of supermarket unleaded is now to 129p and diesel to 135p, Both 3p lower than the uk worthership.
Prices in Northern Ireland are even lower, with the average price a driver pays at 126.5p, almost 6p cheper than the uk more. Diesel is 130.8p – Nearly 8p Cheaper.
Sainsbury’s Store at Southgate in Huddersfield Currently has some of the lowest pump prices, with a liter of petrol just 121.9p. Asda’s forecourt in park royal, london, is not far off at 122.7p.
The Cheapest Supermarket Diesel on Sale is at Sainsbury’s in falls Road, BELFAST, AT 126.9p.
Simon Williams, Rac Head of Police, Said May was Another Good Month at the Pumps for Drivers for Drivers But Wasn it for the fuel duty freeze, prices could be well be very high.
“For those prepared to shop or use apps like myrac, there are some Excellent Bargains to be had what can save Several Vital Pounds on a full tank,” he said.
The rac saead analysis of wholesale costs showed retailers could do more. “With Oil Averaging $ 64 a Barrel Throwghout May, we believe the available price of Petrol Ought to be under 130p and diesel under 134p.”
Despite the fall in prices the uk competition watchdog has happened motorists are paying more then for petrol and diesel even if prices have fallen in recent months.
The Competition and Markets Authority (CMA) Repeated Its Call for the New Government to Take Action “as soon the” person “overcharging, six months after that motorists pay £ 1.6bn more than they should have last year alone.
It found that fuel margins – the difference between what it pays for fuel and sals it at – remain high likes to suggested that overall competition in the Road Fuel Retail Market Remain Weak.
Trials are expected to begin shortly of the ‘fuelfinder’ scheme called for the CMA. Describe as a “game change for driver”, it should allow them to compare real-time fuel prices, via navigation apps, in-car devices and comparison websites. The aim is that it will boost comment between fuel retailers at the same time.
It will require more than 8,000 petrol stations to register with the scheme’s operator ve3 global what fuel they have has and the price they are charging. Any change in price has to be notified with 30 minutes of the change.
Stations or companies that fail to comply or report in a timely manner face fines of up to 1 per cent of their annual diaily Global Turnover or 5 Per Cent of their daily term. The fines will be enforced by the cma. The scheme is expected to be available to consumers by the end of the year.
