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Fuel prices at a three low says AA

Filling up your company van with fuel has just got a little bit cheaper.

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Pump power: the AA say fuel prices have fallen

That is if you consider paying £1.36 a litre value for money. For those trying to keep costs down fuel and in particular diesel is critical with many firms clocking up 20,000 miles a month.

In a new report on fuel prices the AA says: “A sense of turning the corner on crippling pump prices comes with petrol forecourt prices remaining at a three year low, averaging 129.46p a litre in mid March compared to 129.63p last month. A year ago petrol averaged 138.42p a litre. Diesel prices at their lowest since July 2012, averaging 136.59p a litre in mid March compared to 137.02p last month – with wholesale price reductions pointing to a further 1p to 2p-a-litre fall shortly. A year ago diesel averaged 145.24p a litre.”

Back in 2000 when the price was around 85p a litre the country came to a near stand-still when protesters and truckers blocked fuel depots

The motoring organisation said the petrol price gap between smaller rural towns and larger towns with competitive retailers was remaining in the 2p to 3p range, as opposed to the 4p to 6p of last year. They said the government’s freeze on fuel duty is continuing into a fourth year – while 11 of 28 EU countries have or are due to increase theirs this year, including France, Holland, Italy and Sweden.

Continued price cutting between supermarkets with petrol as low as 125.7p a litre, and a more inno-vative and fairer approach to money off fuel from in-store spending (Tesco). Interestingly there’s been a small increase in the number of petrol stations after years of decline.

It is all good news for a change for those paying for the fuel. What is of interesting is that the nation as a whole has accepted the prices at the rates they are. Back in 2000 when the price was around 85p a litre the country came to a near stand-still when protesters and truckers blocked fuel depots.

Are we paying too much for fuel? Is it time to scrap the accumulator completely? Your views please to online_ed@signlink.co.uk



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