Cheapest petrol and diesel: the lowest fuel prices around the UK

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Drivers are seeing some of the biggest monthly drops in 20 years, but retailers are accused of taking too long to pass on the full savings

According to the latest figures, petrol prices fell by an average of 9p a liter last month, while diesel fell by almost 7p.

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A shift in prices after months of constant price increases has reduced the cost of a tank of unleaded by almost £5 and more than £3.50 for a full tank of diesel.

But motorists’ groups have said the drop should have been sharper and quicker, warning drivers are still being overcharged.

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After rising to record highs in early July, gasoline and diesel prices fell again later in the month as wholesale prices fell. Petrol fell to 182.69p from a record high of 191.53p a liter in early July and diesel fell to 192.38p from 199.07p by the end of the month, according to analysts at Experian Catalist.

The cost of refueling fell in July, but still much higher than 12 months ago

The falls represent the third and fourth largest monthly reductions in the last 20 years – 8.74p and 6.69p respectively – but the RAC says that with wholesale petrol prices now at the same level as early May, the Drivers are still overcharged by 16 pence per liter.

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It and its AA colleagues estimate that a liter of unleaded petrol should cost between 165p and 167p a litre, compared to the actual average of 182p.

The RAC says even a two-week deadline for the price change to reach the smallest retailers has been far too slow to reduce.

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His fuel spokesman, Simon Williams, said: “July was an unnecessarily tough month for motorists as the big four supermarkets were unwilling to lower their prices to more reasonable levels, reflecting the consistent and significant reduction in wholesale costs for petrol and diesel .

“What should have happened is that the biggest retailers are cutting their prices more significantly every day. Instead, the average retail margin for petrol across the industry has risen by about 20p per liter over the past two weeks – more than triple its long-term average.”

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Supermarkets have started slashing their prices in recent days but the AA’s Luke Bosdet said only Asda has reduced prices to fair levels and there are still significant savings to be passed on to drivers.

Cheapest and most expensive regions for fuel

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The latest figures show large geographic differences in both fuel prices and the extent to which savings are passed on.

Drivers in Northern Ireland saw the sharpest falls and lowest prices in July, with petrol falling 12.33p to 178.36p and diesel down 11.61p to 186.07p.

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The North West of England saw the next biggest cuts, with cuts of 9.77p and 7.35p respectively, but London and the East and South East of England saw the smallest cuts, with petrol between 7.6p and 8.3p and diesel fell just 5.5p.

Mr Williams advised drivers who were looking for the cheapest fuel in their area not to assume that supermarkets always offer the best value for money.

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He said: “The best advice for fueling up is to stop assuming that supermarkets are the cheapest and shop around as there is a good chance you will find an independent retailer who is doing the right thing and fairly reflecting its lower wholesale costs to a lower one ask for a price.”

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