Second wave of Covid-19 ‘would cut the cost of fuel’
Fuel prices in Renfrewshire could be set to fall as the threat of a second wave of Covid- 19 infections hits the oil market.
The cost of fuel and diesel has increased across the local authority in the past two months, with new figures revealing that fuel across the UK has gone up by 3p-alitre on average in June and July.
According to the AA, oil prices have already started to feel the brunt of fears about a second spike in coronavirus cases across the globe, claiming that Asda is already trimming its prices.
Currently, motorists can purchase unleaded petrol from Asda in Barrhead at 107.7p per litre, while diesel costs 109.7p.
Other outlets across Renfrewshire such as Morrisons at Anchor Mills charge 107.7p and 110.7p respectively, while Tesco in Renfrew charges 109p and 111.9p.
Drivers should expect this to reduce further in the coming weeks.
A spokesman for the motoring group said that, unlike the start of the pandemic when petrol prices fell below £1 per litre, this time UK families ‘won’t be locked down and locked out of the savings at the pump’.
The AA says that wholesale petrol costs have already been hit by fears of a second wave, with Asda being the first to react by trimming their charges at filling stations.
Oil prices fell by around four per cent on Thursday, as a surge in coronavirus infections around the world threatened to jeopardise a recovery in fuel demand just as major oil producers are set to raise outputs.
Concerns that stricter lockdowns could be again enforced around the world and the industry facing another oversupply scenario has resulted in some hesitancy.
Drivers are also encouraged to keep up to date with fuel prices in Renfrewshire and further afield on Confused.com, as it can help motorists determine the best time to fuel up.
Car insurance expert at Confused.com Alex Kindred said: “Average prices for petrol and diesel were down at 109p and 113p per litre respectively in June. Now, we’ve seen rates go up to 114p and 117p in the space of one month.
“The varying costs between regions and suppliers makes it confusing to know when and where we’re going to get the best deal.
“Our petrol price finder helps find the cheapest fuel in each area.
“That way, you can avoid paying over the odds.”