“The three months of significantly lower wholesale prices starting from mid-October have highlighted some interesting regional and local pricing disparities, often due to smaller retailers passing on savings in the wholesale cost of fuel to their customers while their supermarket rivals have been reluctant to do the same.
“So, in areas where there is little competition from lower-cost retailers, drivers have sadly often seen far higher pump prices.
“Looking around the UK at the end of January we can see forecourt prices were generally cheaper in the North West, North East, Wales and Scotland, while Northern Ireland – for a number of reasons – remains an anomaly being 4p cheaper than the UK average.”
The news comes after the RAC revealed that over a nine-week period between mid-October and mid-December 2022, wholesale petrol costs tumbled by 23p per litre yet average pump prices took almost another month to fall by a total of just 18p, after peaking at 166.54p at the end of October.
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