“What’s more, it really isn’t the case that volatility brought about by the war in Ukraine is to blame for what’s happening now as wholesale prices are now so much lower than they were nine weeks ago.”
On top of that, despite the average price of petrol and diesel falling by 6p a litre in November, data from RAC Fuel Watch shows that the reductions on the country’s forecourts should have been at least twice that.
According to the RAC, unleaded came down from 165.96p to 159.88p while diesel dropped from 190.31p to 183.87p, saving motorists more than £3 a tank. It now costs £91.28 to fill up 55-litre family-sized petrol car and £101.13 for a similar diesel vehicle.
The reason the RAC believes drivers have lost out is due to the wholesale price of petrol plummeting by 11p in November from 122.63p to 111.53p on top of significant reductions in late October.
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