The RAC has criticised retailers for not making bigger cuts in prices after the three supermarkets groups cut 1ppl from their fuel prices earlier in the week.

RAC fuel spokesman Simon Williams said: “While this is more good news for motorists, we would like retailers to make bigger cuts as wholesale prices indicate that there is a saving of at least 3ppl on petrol and well over 2ppl on diesel that they should be passing on at the pumps.

“These low prices are being driven by an over-supply of oil which has kept the cost of a barrel under $52 since early August, which has led to a reduction in the price retailers pay for fuel. If they were to pass on more of these savings we would see petrol heading back towards the six-year low average prices we saw at the beginning of the year.

“The average price of petrol currently stands at 109.21p, just a few pence above that seen in early February this year which was the lowest average price for six years at 106.9p.”