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Supermarkets slash the price of fuel following RAC calls for a cut

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Supermarkets slash the price of fuel following RAC calls for a cut

The RAC called for a cut in the price of fuel on Monday following a sudden drop in the price of a barrel of crude. On Friday oil dropped below $60 for the first time since the end of October due to traders' fears of lower demand from China - the world's second largest oil consumer - due to the coronavirus outbreak limiting travel. 

Today, the supermarkets have announced they are cutting their prices, some by as much as 3p a litre.

RAC fuel spokesman Simon Williams said: “The cut in the price of fuel is excellent news, it’s just a shame that we have to call for a cut before retailers take action. 

"Lower wholesale prices for both petrol and diesel have merited a cut for the last week which means drivers have been paying over the odds at the pumps all that time. 

"Drops in the wholesale price should be passed on by the supermarkets in the same way increases are – daily, rather than being saved up for a headline-grabbing announcement.”

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The press office email address is press.enquiries@rac.co.uk. Please note: the press office is unable to help with individual customer enquiries - please visit the RAC contacts page to find the right contact.

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About the RAC

The RAC provides complete peace of mind to 12m UK private and business drivers, whatever their motoring needs. Its services include:

The RAC also works to support the interests of its members and UK drivers on the most important motoring issues which it identifies via the annual RAC Report on Motoring and the RAC Opinion Panel. The Report on Motoring is the longest running analysis of driver opinion in the UK having been published every year since 1989.

For more information about the RAC, visit the RAC website.

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