Petrol prices drop 9p in a month but still 16p too high, say motoring groups

Cheapest petrol and diesel: where fuel prices are lowest around UK as supermarkets slash costs

After surging to record highs at the start of July, petrol and diesel prices fell back throughout the month as wholesale prices fell. Petrol dropped from a record high of 191.53p per litre at the start of July to 182.69p and diesel declined from 199.07p to 192.38p by the end of the month, according to analysts Experian Catalist.The drops represent the third and fourth biggest monthly reductions in the last 20 years - 8.74p and 6.

The RAC says that even allowing a two-week period for the price change to reach the smallest retailers, the reduction has been far too slow. Supermarkets have begun cutting their prices in recent days but the AA’s Luke Bosdet said only Asda had lowered prices to a fair level and there were still significant savings to be passed on to drivers.The latest figures show large geographical differences in both fuel prices and the extent that savings have been passed on.

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