Fuel prices fall 4p a litre

[Rob W 0]

UK fuel prices are down sharply

 

 

Esso has confirmed it is to lower its UK petrol and diesel prices by up to 4p a litre, following after similar moves by supermarkets Asda and Tesco. An Esso spokesman said the decision reflected the global decrease in wholesale petrol and diesel prices.

BP also confirmed it was reviewing its prices and said they could fall by the end of Friday.

 

Fuel prices have recently hit record highs due to the knock-on effect of Hurricane Katrina in the US. The storm hit oil rigs and refineries in the Gulf coast of America, causing worldwide supply shortages in both crude oil and petrol that resulted in a corresponding rise in prices. But with supplies now returning to normal, prices are stabilising.

 

Protests

 

In early Friday trading a barrel of US light crude oil fell 24 cents to $64.51, while London's Brent crude declined 16 cents to $63.50.

 

The UK Petrol Retailers Association and AA motoring organisation had both recently predicted that petrol prices would fall. UK petrol prices are among the highest in Europe, with 67% of the total cost going on tax. Despite UK prices falling back, a number of limited campaigners are continuing to protest at high prices.

 

On Friday morning a number of protestors undertook a "go slow" protest on the M4 motorway in south Wales.

[sweetleftpeg 0]

Not at bastid Morrisons they don't.

[Rob W 0]

They're in deep shit anyway - need every penny they can make at the moment

[snakehips 0]

Talking of falling, I nearly fell off me ladder whilst putting a roll of wallpaper up in the stairwell a minute ago! Phew!

 

Which is why I'm sat here until my heartbeat returns to normal.