Drivers should buy petrol ‘sooner rather then later’ as a 10-week run of falling prices has ended.
The AA said the average price of a litre of petrol at UK forecourts fell from 150.1p on April 24 to 144.5p at the end of last week, but has stabilised since then.
The average price of a litre of diesel dropped from 158.3p on April 24 to 149.6p but the decline stopped on Thursday last week.
Motoring groups previously hoped petrol prices would fall below the pre-pandemic record high of 142.5p per litre on April 12, 2012, for just the second time since Russia’s invasion of Ukraine in February 2022.
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The AA said this will not happen in the short term due to the rebound in the price of a barrel of oil.
AA fuel price spokesman Luke Bosdet said: “The question is whether, after a significant fall in the UK’s average petrol price in June, the price will repeat last year’s sharp rise going further into the summer.
“It would be a blow for the impending summer getaway if the cost of road travel took off again. For now, filling up sooner rather than later will take advantage of current lower prices.”
