A litre of petrol now costs less than £1 after three of the UK’s major supermarkets cut pump prices.
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.
But RAC says, despite petrol being 3p a litre cheaper and a litre of diesel falling by 5p, retailers could have gone further.
Average petrol prices remained unchanged in October, despite a drop in wholesale costs.
Pump prices have gone up for eight of the past 12, new RAC Fuel Watch data reveals.
A drop in the price of oil in the second half of the month and a jump in the value of the pound means retailers are now in a position to pass on a cut to motorists.
Reduced-size turbo petrol engines offer comparable running costs and are less polluting than their diesel counterparts, but fleet uptake remains low. Andrew Ryan reports
Three supermarkets have cut the cost of diesel to below £1 a litre – its lowest price for seven years.
At some filling stations, diesel has become cheaper than petrol, for the first time in 14 years.
Replacing fuel duty with congestion charges could revive the fleet industry and boost the economy, says fuel card reseller The Fuelcard Company.
Fleets with fewer than 25 cars, vans and trucks apply almost as much control to buying petrol and diesel as those with more than 25 vehicles, according to new research by MIB Data Solutions.
More and more fleets are looking towards fuelcards as fuel prices set to reach record high.
Councillors at Surrey County Council have taken a cut in mileage rates.
The Fuelcard Company has launched a national petition among commercial vehicle drivers calling for ministers to lower fuel tax.
With the unpredictability of petrol prices, most businesses have found their fuel bills rising. In this climate, and with the effect of transport on the environment under constant scrutiny
Fleet managers have been advised they can ignore the latest Advisory Fuel Rates (AFR) after HMRC failed to raise the rates for drivers of sub-2.0-litre diesel vehicles.
Fleets can now prevent costly misfuelling of diesel vehicles with the launch of a device invented by an RAC patrolman.
BP PLUS cardholders can now use 1000 Texaco sites and Texaco’s The Business Card holders can use 1200 BP forecourts.
Ford is to launch a new service aimed at both fleet and private customers designed to help them cut fuel consumption from their Ford vehicles by up to 25%.
Hard won savings which resulted from fleets focusing on fuel management will require continued vigilance as the economic picture improves.
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