Luke Bosdet: Last News

Drivers in Scotland can enjoy a collective sigh of relief as fuel prices are falling since their all-time peaks months ago.

Brits travelling to France are warned of fuel shortages amid ongoing strike action in the country.

Prices at the petrol pump are on course to fall below 160p a litre thanks to plummeting wholesale rates, just weeks after hitting a record high, according to the AA.

Asda is slashing petrol and diesel prices for the second time this week.

Supermarket giant Asda has today (Friday July 29) announced that it has cut the price of unleaded by 5p per litre and diesel by 3p per litre to help motorists save money when filling up their tanks.

Petrol prices could fall as much as £10 in the next two weeks, according to AA. Prices have fallen from record highs seen in recent months driven by the war in Ukraine and sanctions on Russian oil.

Petrol prices are set to fall in the next two weeks after months of record high prices, according to predications. Motorists could save as much as £10 when filling up a tank over the next fortnight.

drivers may not be too happy to hear that fuel prices should have reportedly fallen by an extra 4p per litre in the past month.Earlier this month, the average price for a litre of petrol was a record-breaking 191.5p. READ MORE: Petrol station boss 'flogs cheapest fuel in UK' amid cost of living crisisAnd although the wholesale price is falling, customers have seen 'barely a penny' come off sky-high prices, according to the AA.AA’s fuel price spokesperson Luke Bosdet told The Telegraph: “Since the Jubilee weekend, the wholesale price of petrol has fallen by 5p per litre and a further fall of 5p per litre could also happen in the following fortnight.“Even commentators in the fuel trade say that their pump prices should be falling 4p in the next few days - yet we’ve seen barely a penny come off the average pump price recently.”Bosdet was happy about the slight fall in price, but says the drop should be 'much bigger' and should have 'started sooner'."Falling pump prices provide the first piece of good news in this cost-of-living crisis," he said."But the reductions should be much bigger and should have started last week if not sooner.

petrol prices are set to crash through the £2 per litre barrier across the country.Yesterday saw the first few petrol stations hit that mark, with one in Gateshead hitting 202.9p per litre.The wholesale oil price rose by around 6% in the last week, and shows no signs of slowing down.And yesterday's jump, which saw pump prices go up 2p a litre in just one day, was the biggest daily rise in 17 years.This could see a family facing the shocking cost of around £100 per tank if they want to fill up.The shocking rise has seen the RAC call for “radical government intervention”, which has so far seen just a 5p cut in fuel duty implemented in March – which has already been engulfed by further rises.RAC spokesman Simon Williams said: “More radical government intervention is urgently needed, whether that’s in the form of a further reduction in fuel duty or a VAT cut.“As it is, drivers surely won’t be able to cope unless something is done to help.“This is fast becoming a national crisis for the country’s 32 million car drivers as well as countless businesses.”And AA fuel price spokesman Luke Bosdet said: “Shock and awe is the only way to describe what has been happening at the pump during the half-term break.“Little wonder that nearly half of drivers stayed at home for the Jubilee extended bank holiday.“The forces behind the surge have been oil jumping back above 120 US dollars a barrel for the first time since late March, combined with petrol commodity prices being boosted by summer motoring demand.”The government's response came by way of Housing Secretary Michael Gove, who claimed on Sky News this morning (June 9) that Chancellor Rishi Sunak is “on the side of those people who are struggling".Speaking on Sky News, he said: “The

Fuel retailers have been accused of refusing to pass on Chancellor Rishi Sunak’s duty cut in full. Mr Sunak used his spring statement on March 23 to reduce fuel duty by 5p per litre.

Russia and Ukraine crisis. Last week President Vladimir Putin ordered his troops to invade Ukraine as tensions escalated between the two countries.

A warning has been issued to all drivers in the UK about the rising price of petrol.

Petrol and diesel prices are almost at pre-pandemic levels, despite oil prices lower than they were this time last year.

Petrol prices plummeted by 4p on Saturday and Sunday – which is the biggest weekend drop since 2008.

Asda has slashed the price of petrol and diesel amid an oil war between Russia and Saudi Arabia.

Petrol prices could fall by as much as 17p a litre to £1.06 as a result of the crash in the price of crude oil.