Good news for drivers as petrol prices drop
Petrol prices in the UK have fallen to their lowest level in more than two years, according to the RAC. The average price for a litre of unleaded petrol is now 142.57p, a price not seen since October 2021. This is around 10p cheaper than last Christmas, and experts predict that prices will continue to decline in the lead-up to the holiday season. Diesel prices, however, have not experienced a similar decrease.
Reasons for the drop in prices
The RAC's fuel spokesman, Simon Williams, attributes the decrease in petrol prices to the significantly lower wholesale price. He also notes that although major retailers have not made any drastic price cuts, prices are steadily falling every day, which is encouraging for drivers. Williams expresses hope that this downward trend will continue in the coming days, with the average price of petrol potentially dropping below 140p in the next week. While diesel prices have not reached a similar low point, they are still lower than last Christmas.
Locating the cheapest fuel
To help consumers find the best petrol prices, websites such as Petrolprices.com provide daily price information for over 3,800 petrol stations. By registering with the site, users can enter their postcode and desired travel distance to access the latest prices for unleaded, diesel, super unleaded, and premium diesel. It's important to note that search limits apply, but users can have unlimited searches by downloading the app. Other websites like Fleet News, Allstar, and Confused.com also offer tools to compare petrol prices across different regions.
Tips for cutting fuel costs
In addition to finding the cheapest petrol prices, there are other ways to save on fuel costs. Major supermarket loyalty schemes, such as those offered by Esso, BP, Texaco, Shell, Sainsbury's, and Tesco, provide discounts on fuel purchases. By driving more efficiently, such as accelerating gradually and driving on the highest possible gear, motorists can also save on fuel consumption. Additionally, removing clutter and additional storage from the car can increase fuel efficiency by up to 12%. Slower driving speeds, taking off the roof rack, and switching off the air conditioning can also help reduce running costs.
