The cost of filling up a car is set to be £10 cheaper in a fortnight as petrol and diesel prices finally start to fall.
Motoring group the AA said the price of petrol fell 2.8 pa a liter from record highs, bringing the price of petrol down by £1.50. fuel tank.
Motorists are likely to shell out £10 less for a tank over the coming weeks as wholesale prices continue to fall. The wholesale price of petrol peaked above £1 a liter on June 1 but fell below 80p a liter for much of last week. That’s a drop of as much as 20p per liter at the pump over a fortnight.
The AA’s Luke Bosdet said: “The petrol wholesale port, if retained, would lead to record savings – provided the fuel trade is willing to pass them on.
“So far in the morning, even with oil recovering, wholesale gasoline remains below 80.5 liters.”
Mr Bosdet added: “The problem is that in many places price cuts are simply not happening despite more than six weeks of falling costs.”