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Supermarkets to cut fuel prices from today - RAC comment
Following the announcement that retailers will again be cutting the price of both petrol and diesel from today, RAC fuel spokesperson Simon Williams said:
“This is yet more good news for motorists but despite Asda cutting their prices regularly the other supermarkets are sadly lagging way behind. There is often talk of a supermarket price war over fuel, but this couldn’t be further from the truth at the moment.
“The current UK average price of petrol is 125.43p and 134.41p for diesel. RAC Fuel Watch data shows that this should be at least 8p lower for unleaded and 6p lower for diesel. If retailers do the right thing then it could really soon be Christmas at the pumps.
“Asda’s nearest competitor is currently charging 2.5p more for a litre of unleaded whereas the most expensive of the big four supermarket retailers is charging over 4p more per litre. Consequently, the UK average price of petrol is not falling at the rate it should be due to the dip in the value of oil.
“The sad reality for drivers is that the majority of fuel retailers are taking advantage of the falling wholesale price by pocketing the savings instead of passing them on at the pumps.”
An interactive chart highlighting wholesale and retail petrol and diesel prices is available
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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:
- Breakdown assistance. Its highly-skilled, 1,600-strong branded patrol workforce attends more than two million breakdowns every year, fixing on average four out of five vehicles at the roadside. The RAC’s patrol fleet is one of the most advanced in the UK, and was the first to roll out both an All-Wheels-Up recovery system, allowing the vast majority of vehicles to be recovered from a single patrol van, and EV Boost mobile electric vehicle charging units
- Insurance. The RAC is a top-five car insurance broker having surpassed the 500,000 policies-in-force milestone in 2018. It also offers ‘black box’ telematics policies, as well as home and travel insurance
- Other motoring services. The RAC leads in the development of new solutions for business, fleets, electric vehicles and future car technology. Its additional products and services include a personal loans offering, a used car buying website, vehicle inspections and checks, legal services or up-to-the-minute traffic and travel information. It also has a network of Approved Dealers and Approved Garages which combine the trust of RAC brand with local service and convenience
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.
