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Petrol prices at three-year low says AA | Petrol prices at three-year low says AA |
(about 7 hours later) | |
Petrol prices have fallen to their lowest in three years with the cheapest fuel sold in Yorkshire and the Humber, says the Automobile Association. | |
The AA said prices averaged 129.46p a litre in mid March, compared with a year ago when the average was 138.42p a litre. | The AA said prices averaged 129.46p a litre in mid March, compared with a year ago when the average was 138.42p a litre. |
It said that recent wholesale cuts suggested there could be another fall of up to 2p shortly. | It said that recent wholesale cuts suggested there could be another fall of up to 2p shortly. |
Diesel prices averaged 136.59p a litre, their lowest since July 2012. | Diesel prices averaged 136.59p a litre, their lowest since July 2012. |
This week, the Chancellor, George Osborne, unveiled another fuel duty freeze in his annual Budget. | This week, the Chancellor, George Osborne, unveiled another fuel duty freeze in his annual Budget. |
According to the AA, 11 EU countries have increased or will increase fuel duty this year, including France, Holland, Italy and Sweden. | According to the AA, 11 EU countries have increased or will increase fuel duty this year, including France, Holland, Italy and Sweden. |
Northern Ireland was the most expensive area in the UK for petrol, although its average price has fallen below 130p a litre. | Northern Ireland was the most expensive area in the UK for petrol, although its average price has fallen below 130p a litre. |
London and the West Midlands are the cheapest areas for diesel at 136.3p a litre. Scotland is most expensive at 137.3p. | London and the West Midlands are the cheapest areas for diesel at 136.3p a litre. Scotland is most expensive at 137.3p. |
'Dark cloud' | 'Dark cloud' |
As well as the fall in fuel prices, the AA said there had been a small rise in the number of petrol stations in the UK after years of declining availability. | As well as the fall in fuel prices, the AA said there had been a small rise in the number of petrol stations in the UK after years of declining availability. |
But the AA said the news was tempered by data showing that real incomes had slipped to 2002 levels, after adjusting for inflation. | But the AA said the news was tempered by data showing that real incomes had slipped to 2002 levels, after adjusting for inflation. |
It said a recent Office for National Statistics report said inflation had turned an average 2%-a-year increase in earnings into an effective 8% fall between 2009 and 2013. | It said a recent Office for National Statistics report said inflation had turned an average 2%-a-year increase in earnings into an effective 8% fall between 2009 and 2013. |
The organisation's president, Edmund King, said: "Appalling weather up until 10 days ago will have reduced car use and fuel consumption. | The organisation's president, Edmund King, said: "Appalling weather up until 10 days ago will have reduced car use and fuel consumption. |
"However, official figures on inflation-hit earnings reveal a more persistent dark cloud hanging over the ability of UK drivers to use their cars. This is clearly making business difficult for fuel retailers too." | "However, official figures on inflation-hit earnings reveal a more persistent dark cloud hanging over the ability of UK drivers to use their cars. This is clearly making business difficult for fuel retailers too." |
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