The pace of fall in petrol and diesel pump prices accelerated in December
The pace of fall in petrol and diesel pump prices accelerated in December as supermarkets took advantage of plunging wholesale prices to compete for customers with cars. However, with oil needing to fall to $40 a barrel at least but staying in the $45-$50 range, £1 a litre predictions look misplaced.
Unleaded prices are down 7.4p from 116.3 ppl to 108.9 ppl. Diesel prices have fallen 6.1p from 122.2 ppl to 116.1 ppl. The price difference between unleaded and diesel has increased to 7.2 ppl.
East Anglia has recorded the highest price for unleaded at 109.4 ppl. The North, Northern Ireland, South West and Yorkshire and Humberside have recorded the lowest price for unleaded at 108.8 ppl. Scotland has recorded the highest diesel price at 116.9 ppl. Northern Ireland has the cheapest diesel at 115.7 ppl.
Supermarket prices for unleaded have fallen to 107.1 ppl. The gap between supermarket prices and the UK average for unleaded has shrunk to 1.8 ppl.
(Fuel price data is supplied by Experian Catalist in cooperation with Arval UK Ltd)
(30 January 2015)