Fuel price report

UK & overseas prices - December 2014

 third biggest monthly fall in the price of petrol during the past 25 years

third biggest monthly fall in the price of petrol during the past 25 years

An intense pump price battle between supermarkets and some independent retailers has produced the third biggest monthly fall in the price of petrol during the past 25 years. Average petrol prices are back to levels last seen in the autumn of 2010.

Unleaded prices are down 6.6p from 122.9 ppl to 116.3 ppl.  Diesel prices have fallen 5.2p from 127.4 ppl to 122.2 ppl.  The price difference between unleaded and diesel has increased to 5.9 ppl.

National and regional

East Anglia has recorded the highest price for unleaded at 117.1 ppl.  The South West has recorded the lowest price for unleaded at 116.1 ppl.  Scotland has recorded the highest diesel price at 122.7 ppl.  Northern Ireland has the cheapest diesel at 121.8 ppl.

Supermarkets

Supermarket prices for unleaded have fallen to 114.2 ppl.  The gap between supermarket prices and the UK average for unleaded has grown to 2.1 ppl.

Two major supermarkets cut fuel prices

Asda, followed by Morrisons, have announced they will knock 2p a litre off petrol and diesel from Thursday (1 January).

These welcome price cuts will eventually filter down in some form to other retailers, so the UK average price will fall further as we enter 2015, but just how far is anyone's bet. Current indications are that the magical £1-per-litre average price across the UK is still looking unlikely in the short term.

(31 December 2014)


(Fuel price data is supplied by Experian Catalist in cooperation with Arval UK Ltd)

 

(31 December 2014)

 
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