UK fuel pump prices remain below £1 per litre at these retailers as wholesale costs rise

UK fuel pump prices remain below £1 per litre at these retailers as wholesale costs rise

Fuel pump prices at Morrisons, Tesco and Asda have remained below the £1 per litre to help cash-strapped motorists through a period of financial uncertainty. Morrisons have emailed members confirming their petrol prices remained at 99.7p per litre for the time being. 

RAC spokesperson Simomn Williams described Morrisons price cut as a “very fair price” which was “more reflective” of the retail cost. 

However he did warn it was unclear how long petrol and diesel costs would remain at their current rates. 

In May, Mr Williams said there were “some early indications” wholesale prices may begin to rise as demand increased. 

Government data revealed average fuel pump prices have marginally increased over the past two weeks. 

However since the offer was introduced, petrols wholesale prices have climbed by around 5p per litre to stand at 79.29pence. 

Diesel wholesale precise have also climbed since the offers were introduced with costs climbing from 76p per litre to 80p.

Despite the small increase wholesale costs are still dramatically down on pre lockdown levels as petrol and diesel were valued around 93p per litre in January.

Fuel costs have dropped around 20p per litre since the start of the coronavirus pandemic with petrol prices now at 105.74p per litre. 

Recent analysis from Carwow has revealed just one third of UK road users have taken advantage of cheaper fuel. 

An extra 35 percent said they have planned to fill up their fuel tanks before costs began to dramatically increase. 

Published at Mon, 15 Jun 2020 12:23:00 +0000