Fuel Prices Up or Down?

ARE FUEL PRICES COMING DOWN IN THE UK?

Yes, since the beginning of 2023, we're beginning to see prices at the pump trend down. Thankfully. (Only two more weeks to payday, hang in there.)

WHAT IS THE CHEAPEST FUEL NEAR ME?

After consulting our TG crystal ball, aka The Internet, your best bet for locating the cheapest fuel anywhere in the UK is via the extremely convenient&nbsp;<a href="https://www.petrolprices.com/download-the-app/" target="_blank">PetrolPrices.com app</a>. It's free to download, you'll need to register, but you can enter any postcode or town and it'll show the local stations and the price at each. You can use filters to locate only specific brands if you have a loyalty card. They've also integrated a comment service, so you can award stars and feedback on each of your fill-ups, if you like.&nbsp;

WHY ARE UK FUEL PRICES SO HIGH?

It's a great question. Plenty of economists have cited the war in Ukraine and the post-pandemic demand as reasons for the price hikes over the summer of 2022. However, since the fuel companies have had to publish their end-of-year financial results, some questions are now being asked about the true impact of these events.

HOW MUCH WAS A LITRE OF PETROL IN THE UK IN 2022?

The short answer is 'lower'. The graphs below show how the fuel prices have been tracking over the last few years.