UK drivers are paying less at the pump as fuel prices respond to the drop in wholesale pricing

Fuel prices are down to more pocket-pleasing prices, following a $10-per-barrel drop in the wholesale cost of brent crude.

According to RAC Fuel Watch, they should fall further, helping out thousands of families across the nation with the cost of running around over the spring break and the return to school. Merry Chocolate bunnies!

For months, we've been paying around £1.40 per litre for petrol, and nearer £1.50 per litre for diesel. Fortunately (and fairly swiftly) those prices have dropped to £1.26 and £1.40 per litre, respectively - meaning there are a few extra pennies to invest in heavily discounted Easter eggs.

Even supermarkets – which have come under intense scrutiny from the Competitions and Markets Authority (CMA) for increasing profit margins and failing to share pricing data – have started to react more quickly, with Asda charging as low as £1.25 per litre in some regions (comparatively, diesel has been as low as £1.30).

How much is petrol in the UK today?

It depends. We'll keep you posted on the latest fuel prices, but the RAC Fuel Watch alert is also a good resource. The prices of petrol fluctuate based on the price of oil. It's a long (and frankly, boring) story, so we'll keep it short.

Crude Oil + Delivery (not Amazon Prime, sadly, but those trucks don't drive themselves... yet) + Retailer margin + Fuel Duty  = The final fuel price at the pump

It's worth noting that retailer margin is where you'll see the most movement and why one station up the road can differ so greatly from another.

Are fuel prices coming down in the UK?

They have been, but how long for is anyone's guess. Fluctuation is the name of this game.

What is the cheapest fuel near me?

After consulting our TG crystal ball, aka The Internet, you can use the RAC's app or the PetrolPrices.com app. They're free to download (you'll need to register), but you can enter any postcode or town and it'll show the local stations and the price at each. You can use filters to locate only specific brands if you have a loyalty card. They've also integrated a comment service, so you can award stars and feedback on each of your fill-ups, if you like. 

Why are UK fuel prices so high?

It's a great question, but it depends on the month you ask it. The ongoing global conflicts continue to have an impact, but lower oil production in the Middle East (i.e. a cap on how much they take out of the ground) and more demand coming from China means prices are fluctuating. Other factors, like currency exchange rates, play a role too.