Pound slides as surging inflation fuels recession fears

With the cost-of-living crunch in focus, motorists will be looking for ways to keep their fuel costs down.

After petrol hit a new record high across the UK, new research by the AA has found that supermarket fuels may be your best bet – but it depends where you live.

Across the country yesterday, petrol at supermarkets averaged 4.7p a litre cheaper and diesel 4.6p less expensive. For a car with a typical 55-litre tank, that works out at around £2.50 cheaper to fill up.

But the AA warned a “postcode lottery on steroids” is still at play.

Drivers in the south were paying on average around 1.5p a litre more for their fuel than in the north yesterday.

The north east, at an average of 165.4p a litre, was the cheapest place for petrol while the south east was the most expensive at 167.7p. With diesel, drivers in Northern Ireland enjoyed a 3.4p lower average price than in the south east.

Luke Bosdet at the AA said:

What drivers are experiencing in some places this week is a postcode pump price lottery on steroids. If you live in the wrong town and don’t travel to somewhere where fuel retailers are competitive, you lose out badly.

Drivers in Newbury used to complain about paying 3p more for supermarket fuel than up the road in Reading. Now the difference is more than twice that.

National price averages for supermarkets look much better than oil company sites but, where a supermarket sets its lower price against an expensive local rival, drivers lose out. Essentially, the dearer non-supermarket forecourt is calling the shots. 

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