Drivers should see petrol prices fall over the next few days. and they probably should have started falling already, according to the AA.
Motoring services companies accused retailers of acting too slowly and not going far enough with price cuts, amid decreases in their wholesale costs as a new record price of 191.5p was set on Sunday.
The 5p per litre reduction in fuel duty in March failed to stop prices at the pumps from rising, but the AA have said that prices should fallen by 4p a litre soon, according to Birmingham Live.
Luke Bosdet, the AA’s fuel price spokesman, told The Telegraph : “Even commentators in the fuel trade say that their pump prices should be falling 4p in the next few days."
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Mr Bosdet said earlier this week: "Falling pump prices provide the first piece of good news in this cost-of-living crisis, but the reductions should be much bigger and should have started last week if not sooner. The question now is how much of the potential saving will be passed on to the consumer.
"As usual, the fuel trade shows itself very reluctant to pass on lower costs and give relief to hard-pressed motorists." RAC fuel spokesman Simon Williams said: "With oil dropping by 10 a barrel yesterday causing wholesale prices of both petrol and diesel to fall further, even more pressure is now on the supermarkets to act and treat drivers fairly.
"We can guarantee retailers will be rushing to buy new stock today at these low prices, but they will no doubt still remain reluctant to reduce their forecourt prices. If we don't see a significant supermarket cut in the next few days it will be nothing short of scandalous.
"And, even if retailers eventually do the right thing, we still need further help from the Government to make the cost of driving more affordable as so many people are being financially impacted by the record high prices. Perhaps a change at No 11 will finally lead to the fuel tax cuts we've been calling for."
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