The price of petrol and diesel at UK forecourts has fallen for the first time in four months thanks to a decrease in the value of crude oil.
Pump prices had been steadily increasing since March, but figures from the RAC show the average price of petrol has fallen by 0.41 pence to 111.79 pence. Diesel prices fell by a smaller margin, with the average cost per litre now 112.41 pence – 0.06 pence lower than the previous month.
The RAC said supermarket forecourts have offered customers the biggest savings, with as much as two pence per litre lopped off prices in some cases. In terms of regions, motorists in the East Midlands have seen the biggest savings, with petrol prices 1.53 pence down on the previous month and diesel prices 0.95 pence lower.
The pump price decreases are the result of a drop in the value of crude oil, of which barrel prices fell from £36.16 to £31.31 on 29 July.