Petrol prices should be cut by as much as 3p a litre despite a 10% leap in wholesale costs since Christmas, according to new analysis.
Since mid-December, average petrol prices have been “stuck in a rut” at between 145.5p to 146.0p a litre, the AA said.
This is despite wholesale prices falling from 54.3p a litre in the second week of November to 46.3p over Christmas, and remaining below 51p even with a surge in oil prices to a seven-year high.
