Fuel prices to fall over Easter as tariff fallout | Tech News
A motoring professional has highlighted that drivers might see the most affordable petrol and diesel prices for almost 4 years as world economies proceed to react to President Trump’s tariffs. The vary of tariffs launched by the Trump administration during the beginning of April 2025 noticed extensive financial swings the world over, with a vary of stock markets plummeting within the following days. Simon Williams, head of coverage for the RAC, famous that the worth of oil additionally dropped considerably following the launch of President Trump’s tariffs, which might have a knock-on impact on fuel prices.
He mentioned: “With oil tumbling to its lowest price for four years, drivers ought to see cuts of up to 6p a litre at the pumps ahead of the Easter weekend when the roads are notoriously busy. As long as the barrel carries on trading around or below the $65 (£50) mark, retailers will be obliged to pass on the savings they’re benefitting from to their customers on the forecourt.”
During March 2025, the average worth of a barrel of oil stood at $72.73 (almost £57), with the worth already falling from almost $80 (£62) at first of the yr.
However, considerations over a recession and rigidity between America and China have induced world oil prices to decline at an even quicker fee, with prices dropping to underneath $60 (£47) in some instances.
Some financial analysts have predicted that prices might fall additional nonetheless, with weaker economies utilizing much less oil and creating an oversupply.
Whilst the falling price of oil is a concern for a lot of, Simon famous that it might lead to considerably cheaper petrol and diesel prices throughout the UK.
He added: “Petrol should drop from its current UK average of 136p to 130p a litre, and diesel from 143p to 137p.
“If unleaded had been to fall to that degree, it will be the most affordable since summer time 2021. Diesel hasn’t been that low since September that yr.”
During March 2025, the RAC highlighted that the average price of a litre of petrol fell by 3.6p to 136.03p – marking the primary decline since November 2024.
The price of diesel fell even additional, with the associated fee of a litre dropping by 4p to 142.51p on the finish of the month.
Whilst the declines had been each pretty small, the motoring organisation famous that they’ll help drivers save more than £2 each time they fill up the tank of their car.
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