MOTORISTS have finally been given some relief as fuel prices fell for the first time in four months in June – but they’re more expensive than they should be.
The average price of petrol dropped 3p a litre to 127.62p while diesel fell 4.61p to 130.90p last month – the ninth biggest monthly price reduction on diesel since 2000, according to the RAC’s Fuel Watch.
4 Petrol prices are finally heading in the right direction
4 Petrol prices dropped for the first time in four months in June
It means the average 55-litre car tank of unleaded now costs £70.19, down by £1.68p, while a tank of diesel costs £72, down by £2.54.
But the motoring group says petrol prices are still 4p a litre more expensive than in March, which is the last time wholesale prices were as low as they are now.
It adds that retailers are failing to pass on price cuts in full to motorists.
Simon Williams, fuel spokesman of RAC, said: “It’s great to see pump prices falling for the first time since January, but the reductions should have been greater based on the substantial decrease in the wholesale price.
4 Petrol car drivers in Northern Ireland currently pay the least to fill up their tank
“Retailers were clearly banking on the oil price rebounding after its sudden drop which began at the end of May when a barrel was over $70.
“Inevitably this has meant bad news for drivers who have lost out with pump prices being 4p a litre more expensive than they should have been.
“Unfortunately, retailers’ hunch that oil would quickly increase again were right and now their prices are broadly where they should be based on the current wholesale price.
“They just happen to have made significant profits as a result of not passing on more of the savings to drivers than they did.”
4 While diesel car drivers in the South East pay the most
Fuel prices vary wildly across the country, with those in South East currently paying the most at 128.49p a litre of petrol and 131.9p a litre of diesel.
While residents in Northern Ireland pay the least at 125.78p a litre of petrol and 128.16p a litre of diesel.
In June, the big four supermarkets reduced diesel prices by 6p a litre on average while petrol dropped 2.67p per litre.
The lowest prices were offered by Asda, as it charged motorists 123.25p a litre on petrol and 124.70p for diesel.
Ways to cut down on your fuel costsHERE are some tips on how you can slash the cost of fuel
Make your car more fuel-efficient. You can do this by keeping your tyres inflated, taking the roof rack off, emptying your car of clutter and turning off your air con when driving at lower speeds.
Find the cheapest fuel prices. PetrolPrices.com and Confused.com allows you to search prices of UK petrol stations. All you need to do is enter in your postcode and tell it how far you want to travel (up to 20 miles).
Drive more efficiently. Some ways to do this, include:
Accelerate gradually without over-revving
Always drive on the highest possible gear
If you can, allow your car to slow down naturally as your brake is a money burner
Re-starting your car is expensive, if you can keep moving
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Petrol prices rocketed by 5p a litre earlier in April – the largest increase in 19 years.
Meanwhile, diesel drivers are “paying more for fuel to subsidise petrol price rises,” AA claimed in May.
The cost to fill up the tank also varies wildly across the UK – do you live in an expensive area?
How far can you drive on a empty tank of fuel?
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