Home Business NewsBusinessAutomotive News Petrol prices fall to lowest level ‘in the run up to Christmas’

Petrol prices fall to lowest level ‘in the run up to Christmas’

by LLB Finance Reporter
16th Dec 23 12:48 pm

The RAC has said on Saturday that that petrol prices have fallen to their lowest levels in more than two years.

The average price of a litre of unleaded petrol is now 142.57p which is around 10p cheaper that has not been seen since the end of October two years ago.

RAC fuel spokesman Simon Williams said, “This is good news for drivers, especially as prices should continue to come down in the run-up to Christmas due to the wholesale price being significantly lower.

“While the biggest retailers haven’t announced any headline-grabbing big cuts, prices are falling steadily every day which is encouraging.

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“We just have to hope this continues in the coming days.

“If wholesale prices are reflected more fairly at the pumps, we should see the average price of petrol drop below 140p in the next week.

“While diesel isn’t at similar low point – as it averaged of 6p less than its current 150.29p in August – it’s still down from last Christmas’s dizzying prices of around 175p a litre.”

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