Latest RAC statement on UK pump prices

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As a result of the ongoing situation in Middle East, RAC head of policy Simon Williams said:

“We really shouldn’t see a shock jump in prices at the pumps as wholesale fuel costs had only been rising gradually in recent weeks.

"Even though the price of dated Brent crude rose by $5 a barrel yesterday to $78, the impact of this shouldn’t be felt for over a week. But knowing the tendency for price increases to be passed on far more quickly than cuts, on behalf of drivers we urge retailers not to put up the price of fuel they’ve already got in forecourt tanks and reflect any increases in wholesale fuel fairly on the forecourt."

Current average UK pump prices according to RAC Fuel Watch: petrol 132.86p, diesel 142.44p

 

 

 

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The RAC is an iconic British driving services brand and has been championing drivers since 1897. Today it is one of the UK’s most trusted names, providing complete peace of mind ® to over 15 million drivers across breakdown cover, insurance, and mobile servicing and repairs.

Its nationwide patrol force attends more than two million breakdowns every year, while its position as the UK’s leading independent insurance broker helps motorists find the right cover with confidence. The RAC has also reshaped the service, maintenance and repair market with its Mobile Mechanics, who carry out servicing and repairs at drivers’ homes or workplaces.

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