UK Drivers to See Cheapest Christmas Fuel Prices Since Pandemic
Petrol and diesel costs have dropped significantly compared to last year, offering savings for holiday travelers despite concerns over retailer margins.
- Petrol prices in the UK averaged 136.5p per litre in November, down 10.5p from the same time last year, while diesel prices dropped 12p to 142.25p per litre.
- Filling a 55-litre family car now costs £75 for petrol and £78 for diesel, saving drivers up to £6 per tank compared to 2023.
- Northern Ireland recorded the lowest fuel prices, with petrol averaging 130.6p and diesel 135.2p, while England had the highest prices at 136p and 141.7p respectively.
- The Competition and Markets Authority has raised concerns over high retailer margins, noting that drivers were overcharged by £1.6 billion in 2023.
- The UK government plans to introduce a mandatory fuel price comparison scheme next year to improve competition and lower costs for consumers.