🚗💷 Heads up, UK drivers! It looks like petrol and diesel prices may be heading down this weekend! Following a drop in Brent crude oil prices, the RAC suggests pump prices could continue to fall. On Friday, Brent crude dropped to about $73.94 a barrel, down from the peak prices seen during the recent Middle East conflict.
RAC’s Simon Williams is optimistic, stating that petrol might dip below 150p and diesel under 160p soon. This would mark their lowest prices since early spring. But here’s the catch: it’s crucial that fuel retailers pass on these savings to us, the drivers!
The oil price was $70 before recent conflicts, equating to petrol at 132p and diesel at 141p. So, we definitely should be seeing some relief at the pumps. 🏷️
Consumer champion Martin Lewis is urging everyone to stay sharp and monitor petrol station prices closely—no one enjoys a cheeky price gouge! The Competition and Markets Authority is also on the case, ensuring fair pricing practices amidst these market changes.
So, if you’re filling up this weekend or next, keep an eye out for those lower prices! Let’s make sure any wholesale savings make their way to our tanks. ⛽
Stay informed and drive smart!