Petrol drivers told not to fill up cars until | Tech News
Motorists throughout the nation have been urged to keep away from filling up their car until April if doable, with the price of petrol and diesel set to fall. The prediction comes after 5 consecutive months of price rises, with petrol usually costing 139p per litre, and a litre of diesel averaging at 146p. However, Simon Williams, head of coverage for the RAC, famous that drivers might quickly pay considerably much less to fill their vehicle’s tank, with the associated fee of oil dropping.
He stated: “Drivers have had to endure five months of rising prices, so it’s good news wholesale prices have fallen significantly, and forecourt totem signs should soon be reflecting this. We expect retailers to start to cut prices this week as more buy in new supply at lower prices. As long as the cost of a barrel of crude oil stays around the $70-mark (£54) we believe there’s a chance drivers could see petrol heading back down towards 130p a litre.”
The price of petrol and diesel relies upon closely on the price for a barrel of crude oil, which is essentially based mostly on components together with provide and demand and geopolitical occasions.
In January 2025, the price of oil spiked to $82 (£63) per barrel. However, costs have since steadily dropped – at the moment costing round $69 (£53) for a similar quantity.
Whilst motorists are unlikely to obtain a £10 saving every time they fill their car with fuel, it’s extremely probably that the associated fee of petrol and diesel will begin to fall over the approaching weeks.
Nevertheless, Simon urged all retailers of fuel to keep away from taking the falling price of oil as an excuse to increase their earnings at a time wherein motorists are being stung by different motoring prices.
He added: “As always in a falling market, much will depend on how fully retailers decide to pass on these wholesale savings at the pumps.
“The outdated ‘rocket and feather’ saying about costs going up like a rocket and falling like a feather will hopefully be proved improper this time round.”
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