RAC prediction for lower petrol prices confirmed

By Paloma Ferreira

The RAC’s prediction this week that the falling price of oil and supermarket competition for customers would lead to British drivers paying less than £1 a litre by Christmas has been confirmed.

The RAC is a transport organisation and a breakdown assistance service.

UK supermarket brand, Morrisons, has cut the price of unleaded petrol to below £1 a litre which is the lowest UK price level since 2009.

The supermarket chain announced that they would be selling unleaded at more than 99.9p per litre and cutting diesel by 1p a litre.

Morrisons’ petrol retail director Bryan Burger said: ‘Today, for the first time in more than six years, we are moving unleaded prices down to below £1 a litre. This is a moment where motorists will feel some relief after being clobbered by tax and price rises for the last decade.’

Other supermarket companies such as ASDA, have also announced lower prices.

ASDA is currently running a promotion for this weekend only, from Friday until Sunday, of unleaded petrol for 99.7p per litre and 103.7p a litre for diesel.

Speaking with the Edinburgh public, citizens had varying opinions on whether this change would affect them personally.

A university student said: ‘I have just gotten a car, and switching from paying for transport to petrol I haven’t seen much of a difference, however I will be traveling long distances for Christmas time so I might see a change there.’

A taxi driver said: ‘I think this petrol costs will have an impact on the long run.’

The average tank of petrol for a U.K. driver of medium car is £70 for about 55 litres. If the lower prices of petrol are sustained, the average car user could pay about £50 for the same amount of petrol.

The AA has released their fuel price report for November 2015. They state on their site that Scotland has recorded the highest diesel price at 110.7 p per litre. They also report that supermarket prices for unleaded have fallen to 105.5 p per litre and that the gap between supermarket prices and the UK average for unleaded has grown to 2.5 p per litre.

Niel Greig from the Institute of Advanced Motorists commented: ‘We can always welcome lower petrol prices, Scottish drivers have been paying some of the highest prices in Europe in fuel for many years now, so this is an early Christmas present which we hope will be sustained.’

He also commented on the amount one could save from the lower prices of petrol. Mr Greig said: ‘There have been some figures released by the AA, for each individual tankful its quite a low amount, just a few pounds, but for over a year you can save several hundred pounds.’

 

 

 

 

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