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StatementsFuel prices

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 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.

Committed to innovation, the RAC is fully electric ready with mobile EV charging technology for stranded drivers, and a suite of digital and data‑led solutions that make motoring easier and more affordable for consumers and fleets. These services come together in myRAC – the all‑in‑one app for vehicle maintenance, cheaper fuel finding and breakdown assistance.

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