Petrol and diesel prices are dropping at their fastest rate this year, relieving motorists as electric vehicle adoption falters.
Petrol and diesel prices are dropping at their fastest rate this year, relieving motorists as electric vehicle adoption falters.
Analysts expect oil prices to drop significantly soon due to concerns about China’s demand.
The AA has warned that eliminating the 5p fuel duty cut in the Budget could lead to “perma-high” petrol prices for drivers in the coming years.
According to the RAC, petrol prices should be 6p per litre lower than drivers currently pay at the pump.
Drivers continue to overpay for fuel as retail margins remain “significantly” above historical levels, according to the Competition and Markets Authority (CMA).
UK drivers are paying the highest diesel prices in Europe, according to a new analysis by the RAC.
Shell’s earnings fell by nearly a third as the company adapted to reduced oil and gas prices.
Recent data indicates that Shell’s fuel stations in the UK are among the priciest, with the company’s UK outlets averaging 142.6p per litre for petrol and 151.2p per litre for
According to the RAC, petrol prices should have dropped by an additional 9p per litre due to the significant decrease in oil prices.
The RAC has reported that drivers are facing an additional £5 charge when filling up their cars with petrol, as service station operators do not fully reflect the reductions in
Drivers are being alerted about increasing fuel prices as the price of oil nears $100 per barrel.
Workers from nurses to barristers and dockers to posties across Britain are preparing for strikes.