Petrol price drops – but we still pay too much
PETROL prices fell 5p a litre last month – the biggest drop in nearly four years, the latest figures show.
The average cost of unleaded is back to mid-May levels of about 130.61p a litre after dropping 5.18p in November, while diesel fell by 2.5p to 134.42p.
This equates to a saving of £2.85 on a typical family-sized car’s tank of unleaded fuel.
It compares to a price drop in Scotland of just over 4p a litre in the same four weeks.
Figures from consultancy Statista show that in November, unleaded cost Scots an average of 127p a litre, down from 131.4p the previous month.
Oil prices have fallen by 24 per cent on the world market, while in the UK, supermarket price wars have also contributed to price cuts, said an RAC report.
Prices are still up to 10p a litre higher than they should be.
Simon Williams, of the RAC, said: ‘This should have translated to the average price of petrol being about 120p a litre but retailers chose not to pass on the savings.
‘Petrol still ought to come down by 7p a litre in the next two weeks and diesel by 5p.’