Petrol prices drop to lowest level in almost five years

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"The average cost of a litre of petrol at UK forecourts now stands at 131.91p, the RAC has said. This marks a notable decrease, with prices not having been this low since July 2021, when they averaged 131.81p per litre. The motoring organisation highlighted that petrol prices have fallen by more than 5p since the beginning of December, offering drivers a saving of nearly 3 when filling a typical 55-litre family car."

The Independent solicits reader support to fund on-the-ground reporting across issues including reproductive rights, climate change and Big Tech, and to keep journalism freely accessible without paywalls. Drivers of petrol cars in the UK now benefit from average forecourt petrol at 131.91p per litre, the lowest level since July 2021, with prices down by more than 5p since early December and typical 55-litre fills delivering noticeable savings. Diesel prices have fallen to an average of 140.97p per litre, down about 3p since early January. The decline is linked to a fall in global oil prices, which dipped below $60 per barrel.

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