Fuel prices drop again – how to slash even more off your petrol & diesel bills
Fuel prices have declined this week with petrol now at its lowest level since August 2019. Diesel has also taken a massive cut with prices at their lowest rate since May 2018.
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Petrol now stands at 123.80 pence per litre with diesel at 128.20 as prices fell for the fourth consecutive week, according to data from the Office for National Statistics.
RAC’s Fuel Watch says prices are very likely to come down meaning costs could tumble even further.
The decrease comes after RAC experts warned the coronavirus disease could see prices dramatically fall as demand for oil decreased.
However, road users can make extra savings on their fuel costs through simple precautions such as shopping around for deals and changing their driving style.
Shop between counties for better prices
Petrol and diesel prices are susceptible to regional price differences based on factors such as demand and competition.
This means prices could be cheaper in a county you work in compared to where you live.
Data from Confused.com shows petrol could cost as high as 158.9 pence per litre in the UK this week.
The analysis shows the lowest cost motorists could pay is just 114 pence per litre meaning shopping around can generate savings.
Road users who commute to work or travel around the nation are urged to compare fuel prices to where they live and make sure they are topping up the right amount.
With Confused.com showing a 45p price difference between the lowest and the highest regions, road users could be saving £24.75 when filling up a 55-litre fuel tank.
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Supermarket loyalty savings
Supermarket forecourts are often involved in fuel price wars where costs can be slashed by up to 4p per litre.
These are usually triggered when one supermarket massively reduces their prices which usually sparks other shops to quickly follow.
However, loyalty savings for customers who spend above a certain amount of money in the store are also popular.
Sainsbury’s ran with a campaign in October which offered customers 10p off a litre when they spent £60 in store.
Morrisons followed in January by offering 5p off per litre when £40 was spent in one transaction.
Combining a weekly food shop at whichever company has a similar offer could see road users make small but important savings on their fuel costs.
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Change your driving style
Cutting down on how much fuel your car uses will directly impact how you spend each month at the petrol station.
Changing the way you drive a vehicle can reduce the amount of pressure on the engine which will lower the amount of fuel needed to run the car.
According to the AA, driving a car smoothly and accelerating gently can massively reduce the amount of fuel used by a car.
Petrol cars should change gears around 2,500rpm as a low engine speed will reduce the speed at which fuel is burned.
Driving quickly does use more fuel with the AA revealing travelling at 80mph uses around 25 percent extra fuel than driving at 70mph.
Extra savings can be made for those willing to drive even more economically. Road users travelling at 70mph will use up to nine percent more fuel than those travelling at 60mph.
Experts from the AA also warn air-conditioning can add up to 10 percent to your fuel consumption.
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