Posted: Tue 16th May 2023

Average UK petrol prices fall below 145p for first time in 18 months

News and Info from Deeside, Flintshire, North Wales
This article is old - Published: Tuesday, May 16th, 2023


Campaign Advert

UK motorists have a reason to cheer as the average price of petrol has fallen below 145p a litre for the first time in 18 months, according to new fuel price data from the RAC.

The price of a litre of unleaded dropped to 144.95p on Sunday 14 May – its lowest price since 3 November 2021.

Diesel also saw a significant dip, falling below 155p a litre by hitting 154.31p on Sunday, marking its lowest since 28 February last year.

This means the cost of filling a 55-litre family car with petrol is now under £80 (£79.72), while a tank of diesel has reduced to below £85 (£84.87).

Since peaking at 191.5p (3 July 2022) last summer, petrol has come down by 47p a litre (46.55p) saving drivers £25.60 every time they fill up (£105.32 to £79.72).

Diesel, which reached an all-time high of 199.09p on 25 June, has fallen 45p (44.78p) saving drivers £24.62 a tank.

RAC fuel spokesman Simon Williams said: “Seeing the price of unleaded fall back under 145p a litre for the first time in 18 months is good news for the country’s 19m petrol car drivers.”

“This means it’s now nearly £26 cheaper to fill up a family-sized petrol car this summer compared to last year when a litre hit the record price of 191.5p.”

“While it’s good news diesel has also dropped below 155p a litre for this first time since the end of February last year, drivers of the UK’s 12m diesel cars and countless businesses who rely on it to fuel their vehicles, should be paying 20p a litre less as its wholesale price is now 4p lower than petrol’s.”

“As petrol is down 47p a litre since early July last year, it is now only a few pence a litre above the long-standing record high of 142.48p which was set in April 2012 and only surpassed in late October 2021.”

“And if diesel were being priced fairly by major retailers it would actually be well under its long-standing 2012 high of 147.93p.”

“With the delivered wholesale prices of both petrol and diesel at 110p and 105p respectively, drivers should be paying no more than 142p and 137p, and that’s factoring in an above-average 10p-a-litre retailer margin.”

Spotted something? Got a story? Send a Facebook Message | A direct message on Twitter | Email: News@Deeside.com
Latest News

  • Call to help to tackle spread of invasive Chinese mitten crab in Wales
  • Opinion: Proposed 300 house development in Hawarden “places significant strain on the village’s already fragile infrastructure”
  • Call for new strategy to address rural poverty

  • More...

    Call to help to tackle spread of invasive Chinese mitten crab in Wales

    News

    Opinion: Proposed 300 house development in Hawarden “places significant strain on the village’s already fragile infrastructure”

    News

    Call for new strategy to address rural poverty

    News

    Flintshire Councillors who split from labour to form new party reveal reasons for leaving

    News

    Plan ahead for overnight closures on M56 near Manchester Airport

    News

    Former Minister calls for increased funding to rescue Welsh culture sector

    News

    North Wales MS calls for improved mental health support for parents

    News

    Synthite Fire: Pollution levels in River Alyn now “safe,” says Natural Resources Wales

    News

    North Wales Rural Crime Team leads pioneering dog DNA project to stop livestock attacks

    News