Petrol prices haven’t been cut enough by retailers in the last month, RAC says as oil costs fall and pound strengthens

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  • Petrol and diesel prices at forecourts still 2p-a-litre too expensive, RAC claims
  • In October, petrol and diesel prices at forecourts fell by around 1.5p-a-litre
  • RAC Fuel Watch had been calling for 7p-a-litre drop in middle of last month 

Last month, the RAC called on retailers to cut fuel prices by 7p-a-litre, as the price of oil averaged under $60 a barrel and the pound strengthened to around $1.29.

Supermarkets ended up cutting unleaded petrol prices by around 2p-a-litre, but the RAC claims fuel prices are – on the whole – still around 2p-a-litre too expensive.

Last month, across the country prices for petrol and diesel at the pumps fell by an average of 1.5p, the latest data shows.

Pump prices: Fuel retailers are failing to go far enough in dropping prices at the pumps for hard-up motorists, RAC Fuel Watch claims

Pump prices: Fuel retailers are failing to go far enough in dropping prices at the pumps for hard-up motorists, RAC Fuel Watch claims

The average price of a litre of unleaded petrol fell by 1.57p to 126.42p by the end of last month, down from 127.99p at the start of the month.

Average diesel prices were cut by 1.59p a litre in October to 130.49p, down from 132.08p at the beginning of the month. In September, diesel prices at the pumps rose slightly.

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