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Bristol Post
Bristol Post
Business
James Rodger & Toby Codd

Fuel prices could be set for sudden fall as wholesale costs drop

Fuel prices remain sky-high across the nation despite a 5p per litre reduction in fuel duty in March. According to the AA, the cost of petrol should have fallen by an extra 4p in the last month.

Sunday (July 10) saw a new record average price of 191.5p set for petrol. As reported by Birmingham Live, motoring service companies have blamed retailers for acting too slowly and not going far enough with price cuts, amid decreases in their wholesale costs.

Luke Bosdet, the AA’s fuel price spokesman, told The Telegraph : “Even commentators in the fuel trade say that their pump prices should be falling 4p in the next few days."

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