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UK Petrol Prices Hit Four-Year Low as Bank Holiday Travel Surges

Forecourt prices average 134.06p per litre, but calls grow for retailers to pass on further wholesale cost reductions.

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Overview

  • Petrol prices in the UK have fallen to 134.06p per litre, the lowest since July 2021, but remain 4p higher than wholesale cost levels, according to the RAC.
  • Over 17 million leisure trips by car are expected over the early May bank holiday weekend, with delays of up to 40 minutes forecast on the M5 and M25.
  • Network Rail is conducting over 630 engineering projects, suspending rail services between London Euston and Milton Keynes on Sunday and Monday.
  • Motorway service stations face criticism for significantly higher fuel prices, potentially costing drivers up to £16 more per fill-up compared to nearby local retailers.
  • The UK Government's Fuel Finder scheme, set to launch next year, aims to improve price transparency at motorway service areas.