Tesco, Asda, Morrisons, Sainsbury's motorists have been handed good news
Drivers have been urged to fill up their tanks soon - as fuel prices hit a 'three-year-low' ahead of huge petrol station changes launching soon.The continued fuel duty freeze from the Labour Party government, as confirmed last Wednesday, will help motorists and drivers and road users at the pumps for the next 12 months.
According to the latest data from RAC Fuel Watch, a litre of petrol at Tesco, Asda, Morrisons, Sainsbury's costs 135.2p per litre at the end of October, a rise of just a third of a penny compared to September. Diesel drivers saw a similar jump at the pumps by two-thirds of a penny to 140.2p.
For the average 55-litre family car, motorists will be looking at a total bill of just over £77. RAC head of policy Simon Williams said: "Despite the price of oil briefly jumping up to around $80 (£62.01) a barrel in the early part of October due to increased tensions in the Middle East, prices at the pumps have fortunately remained stable at a three-year low.
"This is yet more good news for drivers following the Chancellor's extension of the 5p duty cut at her first Budget last week. But it’s also worth remembering that even now 55 per cent of the total price of a litre of fuel is tax in the form of fuel duty, and the VAT that is charged on top."
Williams added: "The Government has also acknowledged, as the RAC has been advocating for some time, that 'this function will be crucial in providing ongoing scrutiny of prices and considering whether further action may be needed to protect consumers'.
"Also, by the end of 2025, the Government's 'Fuel Finder' scheme will come into force obliging every retailer to report their prices to a central database within 30 minutes of a change being made."