UK fuel prices fell by their largest margin in 12 years in March, triggered by a complete collapse in the world oil price, new RAC Fuel Watch data reveals.
Oil price volatility means now is the time for fuel pricing strategy review, says Fleet Logistics UK.
But RAC says, despite petrol being 3p a litre cheaper and a litre of diesel falling by 5p, retailers could have gone further.
The price of diesel should fall by around 3p a litre in the next fortnight, whereas petrol looks set to rise further.
HMRC has released its latest advisory fuel rates (AFRs), to come into force from March 1.
The profit taken from diesel per litre at the pumps increased by 14.5% to 11.06p per litre over the last two months, according to new analysis from FairFuelUK.
Average petrol prices remained unchanged in October, despite a drop in wholesale costs.
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