Fuel prices rose slightly in November but could still be cheaper this Christmas than at any time since Covid-19.
According to RAC Fuel Watch, petrol went up by a penny to 136.5p during November while diesel rose by nearly 2p (1.8p) to 142.25p.
But despite these rises, the price of unleaded is still 10.5p lower than the same time last year while diesel is 12p cheaper than last year.
Going back 24 months, petrol prices have fallen 23.4p a litre, while diesel has gone down 41.7p.
Again prices in Northern Ireland were lower than anywhere else in the UK, with petrol averaging 130.6p and diesel 135.2p. England was the most expensive with petrol at an average of 136p and diesel at 141.7p.
Fuel prices
RAC head of policy Simon Williams said: “Heading up to the most expensive time of year for families, it’s good to see that this Christmas is set to be the cheapest for fuel since the pandemic.
“While conditions are clearly better for drivers this Christmas than previous ones, we’re still conscious that prices at the pumps could be slightly cheaper if retailer margins were lower. So, it was disappointing to see last week that the Competition and Markets Authority has once again expressed concern about a lack of competition among fuel retailers. This comes on the back of the CMA concluding drivers were overcharged by £1.6bn in 2023.
“We hope the government’s commitment at the Budget to introducing a mandatory fuel price finding scheme next year will spark competition and lead to a fairer fuel retailing landscape that delivers better value for drivers wherever they fill up.”
