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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose Energy correspondent

UK fuel retailers urged to pass on savings as oil prices fall below $60 a barrel

Oil Derren Nathan Ukraine AA United Kingdom
Someone filling up their car with petrol.
The average UK petrol pump price has edged down by only a fraction of a penny this month. Photograph: Joe Giddens/PA

Fuel retailers are under pressure to cut their pump prices after oil prices fell below $60 (£45) a barrel for the first time in almost five years as political leaders inch towards a Russia-Ukraine peace deal.

The price of a barrel of Brent crude dropped by more than 1% to $59.20 on Tuesday, its lowest since February 2021.

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