Home Business NewsBusinessAutomotive News Fuel prices fall in November

Fuel prices fall in November

by LLB Finance Reporter
4th Dec 23 11:41 am

The RAC has said that the price of fuel is continuing to drop, but they have warned that retailers are still not passing on the saving to motorists.

The RAC’s Fuel Watch shows the average of petrol dropped by 7.5p a litre to 146.95p in November.

According to the RAC this is still 10p more per litre and the average margin per litre of petrol is now 17p above the long-term average of 7p.

To fill up a typical 55 litre family car driver as paying around £80.62 which is £5 more than it should be, the RAC says.

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RAC fuel spokesman Simon Williams said, “While the price of fuel fell in November, the truth is there is no reason whatsoever for drivers to be jubilant as the data clearly shows they are continuing to get a rough deal at the pumps.

“Wholesale fuel costs have been falling for months, so they should be paying around 137p for petrol, instead of a whopping 147p. Diesel is also overpriced at 154.40p when it should be on sale for under 150p.

“We reiterate our call to the biggest retailers to significantly cut their prices to mirror what’s happening with greatly reduced wholesale costs.”

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