Petrol prices tipped to fall by 10p

Petrol prices have fallen 5p a litre since the start of October with further reductions of up to 10p expected.

The AA has reported that petrol peaked at 174.7p a litre on 5 October, its highest since August 2022, but has since fallen to 169.7p.

However, average diesel prices have only fallen 2p a litre from the all-time record of 199.9p a litre to 197.9p a litre.

Luke Bosdet, the AA spokesperson, said: “The chances of finding somewhere with petrol below 160p a litre are incredibly hit and miss but, clearly, there are forecourts able to slash their fuel prices and put the rest to shame.

“Most are in rural communities with much lower customer potential, although Bishop Auckland shows what happens when fuel stations get competitive with each other. Even the supermarkets are forced to lower their prices.

“London and the South East stand out for not showing any fuel stations with the bargain petrol prices of northern England, Wales and even Scotland. Some forecourts are still charging close to the peak prices of early October and, given how much wholesale costs have fallen since the middle of last month, that is unforgiveable.”

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