Jul 18, 2022

Petrol prices drop from record high, says AA

Average pump prices are down to 188.76p per litre for petrol and 196.96p per litre for diesel. At the start of the month, prices were 191.53p for petrol and 199.07p for diesel. Luke Bosdet, the AA's fuel price spokesman, said: "Wholesale petrol's trajectory, if sustained, would lead to savings of a tenner off a tank from the record highs, providing the fuel trade is prepared to pass them on." Part of the reason that petrol prices have surged is down to the high price of crude oil, which has been driven up by the war in Ukraine. "There might be minor changes up and down, but essentially crude is likely to keep marching upwards and that will keep the pressure on petrol prices upwards too."

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