Unleaded prices fell during April by an average of 1.5ppl. UK motorists have benefited from falling pump prices during April as prices now sit close to the October 2024 lows, which were the lowest since August 2021. The average price of unleaded is 133.7ppl, down over 10% from a year ago.
The pump price reductions come as wholesale prices have fallen due to market oversupply and uncertainty surrounding US tariffs and their potential impact on the global economy.
We have also seen more aggressive pricing from the supermarkets, as they battle to improve market share both in-store and at the pump. Asda has led the pricing, being the lowest of all the supermarkets in 11 of the 18 weeks this year. Tesco, however, was strong in April, beating Asda marginally in weeks 16 and 17.
Diesel drivers have also seen prices fall. In fact, the average diesel price was down nearly 2ppl across the month and again over 10% lower than a year ago. It now costs £10.20 less to fill a diesel car than in April 2024 and £9.60 less in an unleaded car.
Through April, we have recorded twice as many unleaded price drops across petrol stations as price increases and 2.9 times as many diesel decreases. This indicates a wide range of stations are reducing prices as wholesale markets fall.
Since the start of the year, the East Midlands has seen the largest average monthly price drop, with the South East of England having the lowest. The East Midlands also has the widest range of prices. If you want to get personalised fuel price updates, we have a free Price Alert service that allows you to get prices for your local petrol stations. Click to sign up.
Wholesale data provided by Portland Pricing shows that the difference between both diesel and unleaded wholesale and pump prices is slightly higher than the 12-month average. The diesel differential gives more room for manoeuvre. This could indicate that these prices might hold into May, with the potential for diesel pump prices to decrease further.
The CMA also released an update to its retail fuel monitoring report at the end of March. The report found that “Fuel margins remain high compared to historic levels, which suggests that overall competition in the road fuel retail market remains weak.” Services such as PetrolPrices help keep motorists informed about unleaded and diesel price changes and help improve competition between stations.
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when will it drop to 2020 prices before it went stupid with the fuel shortage then war?
even at 130.9p its still at least 15-20p higher than it should be and i wont forget it even with it being a long period because of that silly spike we had