RAC fuel spokesman Simon Williams said: “This is excellent news
for motorists as it should spark cuts from all retailers bringing
the price of petrol down nationwide from its current average of
130.46p a litre. But this is sadly long overdue given the fact
the wholesale price of unleaded has been low enough for a
significant reduction at the pumps since mid-October.
“We badly need a case of ‘follow the leader’ now and for big
retailers to actually have the often-talked-about ‘pump price
war’ as that would rightly benefit consumers. Retailers have not
played fair with drivers in a falling wholesale market. Asda was
the only big four supermarket to cut the price on the forecourt
but even that didn’t happen until late in October, while Tesco
chose to offer 10p off a litre to customers who spent a certain
amount in store.
“When wholesale prices drop retailers should pass savings on to
all motorists by cutting their pump prices sooner. This is vital
to the UK average price as supermarkets are so influential in
fuel retailing they need to drop their prices for others to
follow around the country.
“There is also better news on the horizon for diesel drivers.
While diesel has risen substantially to an average of 136.79p,
and unfortunately still appears to be going up, it should now
begin to reduce as the wholesale price has started to fall.”
