Automotive Industry Digest

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Retailers announce diesel and petrol price cuts – RAC comment

Following the RAC’s call for fuel prices to be reduced and the news this morning that retailers are now cutting prices, RAC fuel spokesman Simon Williams said:

“Diesel drivers especially will be relieved to see pump prices finally going down instead of up. While this is obviously welcome it’s important to realise that the drop in wholesale costs has been dramatic meriting far bigger price reductions for both petrol and diesel. For this reason we view this round of cuts very much as a good start. We should really see more in the next week or so.

“We would very much like to see retailers reflect wholesale price reductions more closely. This is particularly the case with diesel which has been a similar price to petrol on the wholesale market for some time, yet is still 5p a litre more expensive on average on the forecourt.”

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