Kris Miller, Courier, 30/01/13. Picture today shows cars filling up at petrol pumps (Asda, Dundee) for story about petrol prices.
Average petrol and diesel prices have fallen but the situation remains fragile, according to the AA.
The average price of petrol on UK forecourts has fallen from 136.89p a litre in mid April to 133.35p in mid May. It had hit a year high of just over 140p on March 4, having started the year at around 132p.
Diesel, on average, now costs 138.17p a litre, down from 141.76p a month ago. It also reached a year high on March 4 of almost 146.5p a litre, having started the year at around 140p.
But the AA said that this week’s International Energy Agency warning that traders and speculators were taking control of the European fuel market meant that more and ups and downs in prices could be expected.
The drop in pump prices in recent weeks follows a series of supermarket price reductions, led by competitive independents and other non-supermarket retailers, which have now reduced the cost of petrol to as low as 128p/129p in London.
