‘Tumbling’ oil prices could see petrol costs drop to lowest levels since 2021 – RAC

The price of a barrel of crude oil has been steadily falling over recent months.

By contributor Jack Evans, PA Motoring Reporter

Published Apr 7

Last updated Apr 7

Fuel prices — File photo dated 22/02/13 of a generic photo of a petrol pump at a petrol station in London, as drivers should see fuel prices fall from a six-month high because of a drop in wholesale costs, according to new analysis. The RAC said average pump prices will come down by at least 6p per litre for petrol and 3p per litre for diesel in the coming weeks if retailers “pass on the savings they are benefitting from when buying in new stock”. Issue date: Friday March 14, 2025.

The falling cost of oil could see drivers benefitting from cheaper petrol prices over the coming weeks.

That’s according to the RAC’s head of policy Simon Williams, who says that drivers ‘ought to see cuts of up to 6p a litre at the pumps ahead of a notoriously busy Easter weekend on the roads.