Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Retail

Fuel prices approaching lowest level in three years, says RAC

Fuel prices at UK petrol stations are dropping at the fastest rate seen this year, according to the RAC.

As of 19 September, a litre of unleaded was 7p cheaper than the same time in August, as was a litre of diesel.

It marks a sharp contrast to the previous eight months, where fuel costs saw little change despite fluctuations in global oil markets.

The last time prices fell this sharply was between late November and the end of December 2023.

Giving more good news for drivers, RAC fuel spokesperson Simon Williams said more price cuts could be on the way.

“Based on wholesale pump prices, which is what retailers pay to buy the fuel in the first place, we know there’s scope for further price cuts so we very much hope that within the next few weeks we’ll see pump prices reach their lowest levels in three years,” he stated.

Supermarket forecourts offer some of the best petrol prices, according to the RAC Fuel Watch.

Asda and Morrisons win the joint title of the cheapest supermarket at 132.1p per litre on average, followed by J Sainsbury PLC (LSE:SBRY) and Tesco PLC (LSE:TSCO).

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK