AVERAGE pump prices have fallen below £1.50 a litre for the first time in more than 10 and a half months, the AA reports.
The last time petrol cost less than 150p was on February 24 2022, when it averaged 149.67p a litre.
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Since then, it rose to a record of 191.53p a litre on July 3 before dropping to 149.74p yesterday.
Diesel now averages 172.21p a litre, having been 153.05p when the Russian invasion began and then setting a record of 199.07p on July 1.
Do bear in mind that these are average prices and what you pay depends on the station you head to.
Since February, the Chancellor has cut fuel duty by 5p a litre, in effect 6p when VAT is factored in.
Luke Bosdet, the AA’s spokesperson said: “A 41.8p-a-litre crash in the average pump price of petrol is a huge relief for drivers, cutting £22.99 from the cost of filling the typical car tank (55 litres).”
But, fuel at 150p a litre is still historically way above the April 2012 record of 142.48p, the previous yardstick of dire pump prices.
Mr Bosdet added: “Worse still, road fuel is set for a 6p jump in March when the fuel duty cut (with VAT) comes to an end.”
Unleaded and diesel prices are still up by at least 20p a litre compared to January last year.
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It means the pressure is on for motorists to find cheap diesel and unleaded – but there are ways to find the best prices.
Make sure you always shop around to find the best deal near you as you could save yourself a few pounds.
Plus, it’s worth looking out for supermarket deals as they can shave some extra cash off your bill.
Asda, Sainsbury’s and Morrisons all offer customers deals to tempt them in.
How to check fuel prices near me?
The easiest way to find the cheapest forecourt in your area for fuel is by using price comparison sites.
Websites like Petrolprices.com will list the cheapest filling stations in your area.
You need to register with the site, enter your postcode and tell it how far you’re willing to travel for fuel (up to 20 miles) and what fuel type you’re after.
There are other websites you can use too.
Fleet News and Allstar also lets you to check petrol prices across the counties so you can see how your region compares to the UK average.
Comparison website Confused.com also has a petrol prices checker that lets registered users find petrol prices within a five, ten or 25mile radius.
Petrolprices.com is useful, but it does only give you limited amounts of searches each day, whereas Confused.com doesn’t.
Do you have a money problem that needs sorting? Get in touch by emailing [email protected]
