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RAC acknowledges dealers unable to cut fuel prices until sales rise

The RAC has acknowledged that retailers will not be able to cut fuel prices, despite plummeting wholesale costs, until they can be confident they can sell it in large enough quantities.

fuel pumps

RAC records largest monthly fall in petrol prices for 12 years

Average UK petrol prices fell by their largest margin in 12 years in March, triggered by a collapse in the world oil price, new RAC Fuel Watch data shows.

fuel pumps

February sees big falls in price of petrol and diesel at the pumps

February saw the price of petrol and diesel tumble making for some of the biggest monthly reductions seen since the start of 2000, according to data from RAC Fuel Watch.

Asda's Tonypandy filling station

Asda cuts cost of unleaded petrol and diesel by 2ppl

Asda has announced a cut of 2ppl across both petrol and diesel, bringing its price cap down to 116.7ppl on unleaded petrol and 118.7ppl on diesel from today (Wednesday, February 26).

Asda's Tonypandy filling station

Asda cuts 4ppl from diesel and 2ppl from unleaded petrol

Asda has announced that it has cut the price of fuel for the second time in a week with a price reduction of 4ppl on diesel and 2ppl off unleaded.

Asda and Sainsbury's cut cost of fuel by 3ppl as oil price declines

Supermarkets have cut up to 3ppl from their petrol and diesel prices two days after the RAC said there was scope for cuts due to falling oil prices.

fuel pumps

Volatility in oil market set to push up prices at the pumps

Volatility in the oil market caused by the heightened tension in the Middle East could feed through to the pumps in the shape of higher prices, the RAC has warned.

Charlotte Blum: analysis editor, Argus Media

The international crude and petrol markets that underlie fuel prices in UK forecourts are tightening for separate reasons, keeping prices at the pump well supported.

Charlotte Blum: analysis editor, Argus Media

Global crude oil prices are driving fuel prices at the pump, and all eyes are on Opec's attempts to raise them. There are early signs that production cuts are beginning to bite, but producers are facing an uphill struggle.

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Weekly retail fuel prices: 18 May 2020
RegionDieselLPGSuper ULUL
East112.4663.50123.15106.89
East Midlands112.21122.26106.78
London113.5664.90124.71108.57
North East110.8763.90125.50105.36
North West111.4965.90121.74106.55
Northern Ireland108.30111.90101.84
Scotland110.85121.31104.90
South East113.30122.65108.11
South West112.20120.84106.51
Wales110.67120.17104.73
West Midlands112.13125.92106.81
Yorkshire & Humber111.7057.70123.12106.23

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