PUMPED UP
Fuel prices falling at record speed with Brit drivers able to fill up on petrol and diesel for £4 LESS than a month ago
However, it might not last long
DRIVERS are in for a big win at the pumps as fuel prices fall at record speeds, with a fill-up now as much as £4 less than a month ago.
The latest data from the RAC showed a steep fall in rates as pressure mounts on the industry to pass on savings to motorists.
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According to the Club's Fuel Watch service, a litre of unleaded petrol now costs 136.15p on average, having dropped around 5p since the start of this month alone.
And compared to the same time last month the decrease is even sharper, sitting at 7p overall.
Likewise, diesel has declined by 5p since then, dropping to just over 140p per litre.
The RAC estimates that this would save the average driver up to £4 on every tank.
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The change has been attributed to lower global oil prices and the effect of the freeze in fuel duty, in part thanks to The Sun's Keep It Down Campaign.
The Sun's 14-year campaign to freeze fuel duty
The Sun has backed drivers as part of the Keep It Down campaign with rates of fuel duty not rising since the start of 2011.
Former Chancellor of the Exchequer Jeremy Hunt earlier this year thanked Sun readers for helping him to make the case to freeze fuel duty in his last Budget.
The freeze meant drivers would not have to face a potential £100 rise in motoring costs as a result of a 12p per litre duty hike.
Our decade-long campaign fights on behalf of readers to freeze duty on petrol and diesel to help deal with rising living costs.
Mr Hunt said: "I know how much Sun readers are feeling the pinch right now.
"Whether you drive a van, a hatchback or a people carrier I know how much you need to be on the road.
"Keeping it down means hard-working people will have an extra £100 this year without having to cut down using their vehicle."
Indeed, RAC fuel spokesperson Simon Williams suggested that prices could fall to their lowest since 2021 by the end of the month.
This could see petrol go as low 132p per litre, with 138p for diesel.
He said: "It's really encouraging to see pump prices coming down so rapidly, which we know is as good for drivers' wallets as it is for keeping the headline level of inflation in check.
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"With the cost of filling up making up a sizeable chunk of many households' overall monthly spending, it makes sense to stretch every pound spent on fuel as far as possible.
"The message to drivers is simple – keep shopping around for fuel and use the available free tools out there, like the myRAC app, to always pay the lowest price wherever you can."
Petrol stations will be legally required to share changes to live pump prices within thirty minutes to give drivers the best deal at the pumps
However, it might not last long as the Government is set to reverse the temporary cut to fuel duty in the Autumn Statement.
That move will immediately see the rate of tax on each litre in fuel increase by at least 5p, likely pushing up prices.
Howas Cox, founder of FairFuel UK, said: "It's great that pump prices are at their most attractive this year.
"The bad news though, is that they should be 5p even lower as the greedy unchecked fuel supply chain ignores attractive wholesale prices, and continues to ignore PumpWatch by keeping petrol and especially diesel opportunistically high.
"Worse still, the Chancellor is set to increase fuel duty by as much as 10p per litre.
She will take advantage of these lower pump prices to fleece drivers ruthlessly."
It comes after former Top Gear star and ex-head of Fair Fuel Quentin Willson used his debut SunMotors column to warn of pay-per-mile road tax being snuck in 'by the back door'
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