Fuel prices in Penrith have fallen to the lowest in three years as new data shows the average unleaded petrol prices across the UK has like pump prices in Penrith fallen to their lowest level in three years.
As fuel prices peeked calls were made for the previous government to extend the rural fuel duty scheme to cover Penrith and rural areas across Eden by Penrith Town Council, Shap parish council and others following an initial motion by Clifton Community Council calling for the rural fuel rebate scheme to be implemented to help reduce fuel costs for residents in the area as fuel prices increased alongside other household energy costs.
Prices have fallen sharply over the last three months with the current average price for unleaded in the UK currently at 1.35.5p for unleaded.
Reversing the trend from the price rises that saw pump prices in Penrith higher than other areas Penrith is now 5p lower than the national average with the pump prices for unleaded at some Penrith petrol stations now 1.30.7p and Diesel at 1.37.9 compared to the national average of 1.40.2p
Prices hit a peak in 2022 when the average pump price in hit almost £2 a litre for unleaded petrol.
RAC fuel spokesperson Simon Williams said: “To see pump prices drop to this level is really positive news, both for households who depend on their vehicles for getting about, and for the wider economy – as there’s a clear link between the cost of fuel and the headline rate of inflation. Depending on where drivers fill up, they can be paying as little as £1.26 for a litre of unleaded – making the cost of refuelling a typical family car come in at under £70.
“A relatively low oil price, caused by lower demand globally, and a relatively strong pound are the two factors that are contributing to pump prices falling.
“Thankfully, we’re now a long way from the record high prices of July 2022 which saw the average price of a litre of unleaded hit £1.92, and we believe there is scope for pump prices to come down further in the next few weeks to reflect the lower wholesale costs retailers are paying when they buy fresh fuel stocks.
“We continue to look forward to the new Government proceeding with its plans to introduce greater pump price transparency with the Pumpwatch scheme, along with an official monitoring function that can help ensure drivers are charged a fair price every time they fill up.”
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