The AA says you should get to a forecourt as soon as you can
Motorists are being advised to fill up their tanks “sooner rather than later” as the 10-week streak of declining fuel prices has come to a halt, shattering hopes for a return to pre-pandemic levels. The AA revealed that the average cost of a litre of petrol at UK pumps dropped from 150.1p on April 24 to 144.5p at the end of last week, but has since plateaued.
The average cost of a litre of diesel also fell from 158.3p on April 24 to 149.6p, but this decrease ceased last Thursday. Previously, motoring groups had hoped that petrol prices would dip below the pre-pandemic record high of 142.5p per litre on April 12 2012, for only the second time since Russia’s invasion of Ukraine in February 2022.
However, the AA has stated that this is unlikely to occur in the near future due to the recent surge in the price of a barrel of oil from 80 US dollars in early June to over 85 US dollars in the past two weeks. Luke Bosdet, the AA’s fuel price spokesman, posed the question: “The question is whether, after a significant fall in the UK’s average petrol price in June, the price will repeat last year’s sharp rise going further into the summer.”
“It would be a blow for the impending summer getaway if the cost of road travel took off again. For now, filling up sooner rather than later will take advantage of current lower prices.”
