The price of fuel is still adversely affecting motorists’ credit cards and bank accounts throughout the UK, a new report by the AA has revealed.
A recent report by breakdown service, the AA, has revealed that the slight dip in petrol and diesel prices appears to be over. As a result British motorists could be in for a hard time, feeling the effects on their bank accounts and credit cards.
After fuel prices initially dropped lower in mid-June they appear to have edged up in the last few days. The average price of petrol now sits at 136.07p per litre, down by 0.86p on the same time last month but more than the 135.75p per litre reported in the first 5 days of June. Diesel prices have followed a very similar trend.
The AA have said that, in spite of the fall in fuel prices, UK petrol drivers have been denied much of the saving that the crash in oil prices should have allowed. It should be noted that their was a significant fall of 16 dollars a barrel. This indicates that the petrol companies are short changing their British customers by aroun 2p per litre, or £1 a tank.
Edmund King, president for the AA, suggested that on average a two-car family could have saved £8.49 over the month and potentially could have improved poor inflation figures.
Mr King added:
“Without transparency in the oil and fuel markets and a regulator to ensure fair prices, drivers, consumers and the nation are open to being ripped off by whoever wants to make an extra buck.”