The price of petrol has finally fallen to below 150p per litre for the first time in almost a year after 2022 saw record high prices at the pumps.
Data from Experian showed that the average price of a litre of fuel at UK forecourts on Monday January 9 was 149.7p, a drop of nearly 42p compared to July last year when the price peaked at 191.5p. An average this low has not been seen since the day that Russia invaded Ukraine on February 24 last year.
Meanwhile, the average price of diesel on Monday was 172.2p per litre, down almost 27p compared with the record high of 199.1p last July. Supermarkets came under criticism from the RAC last year for failing to lower their 'unnecessarily high' prices at the pumps to reflect a drop in wholesale costs.
