Fuel prices remain at a three-year low despite a ‘brief spike’ in the cost of oil early in October.
That’s according to data from RAC Fuel Watch, which has found that the average price of petrol stands at 135.2p – up a third of a pence on September’s figures. As a result, the cost of filling up an average 55-litre car with unleaded is now £74.40.
RAC head of policy Simon Williams said: “Despite the price of oil briefly jumping up to around $80 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% 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.”
Prices in Northern Ireland remain lower than the rest of the UK, with petrol averaging 130.4p a litre and diesel 134.1p – 5p and 6p less respectively than the rest of the country.
