If you have been to the pumps recently, you’ll know that whether you’re a petrol or diesel driver you can’t get away from the massively high prices. If you are lucky enough to still be getting fuel at least than 120p per litre than you are doing ok. We’ve heard stories of fuel on some forecourts going for as much as 146p per litre of even more! I’m sure you’ll agree that this is an eye watering figure.
Almost daily price rises have been taking place since the start of April 2018. That being said, the wholesale price of oil is now actually coming down. What we should, therefore be seeing, is a reduction of a few pence on the price of ever litre purchased. No-one wants to see a return to the bad old days of fuel protests or panic buying (yes, it really did happen although 2007 seems like a long way ago now).
Fuel is already one of the most dutied and taxed items you can purchase in the UK – 65% plus of the cost is made up of these tariffs. Whether sold as a cash cow or actually a money spinner to look after roads, it is clearly very lucrative for the government. Retailers ensuring that the few pence per litre price reduction goes to the consumer seems to be only fair. This is especially the case when taking into consideration inflation and the stagnant rate of pay increases.
Our final word of parting advice is to ensure that you purchase your fuel at the cheapest garage available. If you take your custom aware from the more expensive rivals, they should hopefully follow suit and consider a price reduction. You can also read our tips for economical driving here.