RAC welcomes latest fall in fuel prices

The cost of filling up at the forecourt has dropped again with three supermarkets cuttings the price of a litre due a fall in oil prices.

RAC fuel spokesman Simon Williams: “This great news for motorists and continues the downward trend of lower fuel prices the country has been enjoying this year. Motorists always used to say that pump prices never came down as fast as they went up but retailers are clearly demonstrating that this is no longer the case.

“The lower prices to date have been very much a result of the pound’s strength against the dollar, but this latest cut is a product of the price of oil falling globally. Motorists buying at the cheapest forecourts will now be paying seven pence a litre less for petrol and 11p less for diesel than they were at the start of the year. On an average family-sized car this translates to a saving of nearly £4 for a tank of petrol and over £6 for a tank of diesel.

“This is an unprecedented price reduction but one which should make a massive difference to people’s pockets as well as to the wider economy. Long may it continue.”