Petrol prices fall to lowest level since mid-May

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Petrol prices fall to lowest level since mid-May
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Fuel prices at UK forecourts have fallen to the lowest level since mid-May

The highest average fuel prices for the year so far were recorded on July 4, when petrol was 191.6p per litre and diesel was 199.2p per litre.

AA fuel price spokesman Luke Bosdet said: "Although the fall in pump prices has slowed in recent weeks, they continue to trickle down steadily. RAC fuel spokesman Simon Williams said: "While this is clearly good news, prices should have fallen much further than they have due to the big reduction in the cost of wholesale fuel this summer.

"Average margins are now 19p a litre - 12p more than the long-term average. Petrol should really be on sale for 153p a litre and diesel 175p.Despite the fall in prices, a new survey indicates that 50% of UK drivers are cutting back their car usage to save money.

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