Petrol prices in biggest drop since 2008 | Motoring Issues - Car News Oct 2013

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15:17 Friday 18 Oct 2013

Petrol prices have seen their biggest drop in five years, taking the average cost down to 132.16p per litre.

According to the AA, the average price of a litre of petrol fell by 5.49p between mid-September and mid-October, while the price of diesel fell by 3.38p per litre to 139.2p. It now costs £2.74 less to fill up a small petrol car and £3.84 less for a larger vehicle than it did last month.

It's the biggest decrease in the price of fuel since November 2008 when pump prices dropped by 11.5p.

The AA said that lower wholesale fuel prices had prompted the price drop; however, it warned that further reductions in the price of fuel were unlikely.

Edmund King, the president of the AA, said: "A more than £2.50-a-tank cut in petrol costs for families is a dramatic improvement on its own. But, heading into winter with cars using more fuel, the timing couldn't be better."

Despite this, however, the AA claims that the UK still has the seventh-highest petrol prices and the second-highest diesel prices in Europe.

 


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