My Garage
New hero

Petrol prices hit a two-year low

By Mathilda Bartholomew | December 19, 2023


Why not leave a comment?

See all | Add a comment

The current average cost for a litre of unleaded petrol at the pumps is 142.57p, a figure not seen since October 2021

Petrol prices hit a two-year low

Petrol prices have reached their lowest point in over two years, according to the RAC.

The current average cost for a litre of unleaded petrol at the pumps is 142.57p, a figure not seen since October 2021.

Despite being approximately 10p per litre cheaper than the previous Christmas, diesel prices have not experienced a similar drop, as reported by the motoring organisation.

Simon Williams, RAC fuel spokesman, remarked, "The drop comes during one of the busiest times of the year on the roads."

He continued, stating, "'This is good news for drivers, especially as prices should continue to come down in the run-up to Christmas due to the wholesale price being significantly lower.' Fuel prices peaked in summer 2022. According to the RAC, on 3 July 2022, unleaded hit a record of 191.5p and diesel 199.09p on 25 June 2022.

Mr. Williams added, "'While the biggest retailers haven't announced any headline-grabbing big cuts, prices are falling steadily every day which is encouraging.

'We just have to hope this continues in the coming days.

'If wholesale prices are reflected more fairly at the pumps, we should see the average price of petrol drop below 140p in the next week.

'While diesel isn't at a similar low point – as it averaged 6p less than its current 150.29p in August – it's still down from last Christmas's dizzying prices of around 175p a litre.'"

Related Articles

Jaecoo J7 prototype
The J7 will be available with petrol or plug-in hybrid powertrains, with two or for-wheel drive and potentially with two trim options
Jul 15, 2024
Where are the UK's most dangerous driving postcodes?
Government data, analysed by Claims.co.uk, has revealed what postcodes have the most drivers with points on their licences, making them...
Jul 11, 2024
Australia requires a special licence for supercars: Should the UK follow?
Starting December 1, 2024, South Australian law will require a U-Class (Ultra-High Performance Vehicle) driving licence for anyone wanting...
Jul 11, 2024
AI speed cameras to catch distracted drivers and seatbelt violations across Britain
A new wave of AI-powered speed cameras is being introduced across Britain to catch drivers violating traffic laws.
Jul 09, 2024