Petrol and diesel pump prices began to fall for the first time in months yesterday with some experts forecasting up to a £10 saving on filling up the car in the coming weeks.
At the start of July, prices sat at 191.53p for unleaded and 199.07p for diesel, these have dropped off to 186.87p and 195.91p.
Despite the drop in prices, the RAC said in an interview with Autocar ‘that average prices should be around 171p for petrol and 189p for diesel, in line with the falling price of wholesale fuel, which has been dropping for the past seven weeks.’
The motoring experts go on to claim that the big supermarkets are to blame for the continued price increases saying “For some reason, they refuse to give drivers a fair price,” they said.
“They should have been passing on price reductions on a daily basis for the last seven weeks, but they have not.”
When asked about the saving motorists could expect they said “At this rate, it is likely that prices will come down by just a couple pence.”
Speaking to the BBC, the AA took a different view and claimed drivers could see a saving of £10 per tank of fuel within the next two weeks, if wholesale prices continue to fall.
Luke Bosdet, the AA’s fuel price spokesman saying: “Wholesale petrol’s trajectory, if sustained, would lead to savings of a tenner off a tank from the record highs, providing the fuel trade is prepared to pass them on,”
“The problem is that, in many places, the price cuts are quite simply not happening despite more than six weeks of falling costs.”
