Petrol Prices Set for Biggest Drop Since Pandemic Over Christmas
Motorcycle riders are going to benefit from its lowest prices in years over the Christmas period, with nearly £2 saved per fill
Compared to this time last year fuel prices have been slashed quite considerably. Despite a small increase of 1p from October to November, E10 petrol is down 10.5p on average compared to December 2023.
Car drivers will see the biggest difference from last year’s prices compared to the 2024 festive period, as a 55-litre refill of unleaded fuel will be £6.60 cheaper than last year, according to the RAC. Compared to 2022 the savings are even more substantial, with petrol £12.90 cheaper per tank.
Motorcyclists won’t notice as big a change from one fill to the next, however, the cost to fill up an 18-litre bike tank comes in at £1.89 less than before. If you’re a year-long rider who covers around 10,000 miles annually, the changes would represent a saving of roughly £105.
Christmas is usually the busiest time of year for families and with motorcycle riders potentially shelling out large sums of cash on new bikes, new gear or accessories, any type of savings are very welcome.
“Heading up to the most expensive time of year for families, it’s good to see that this Christmas is set to be the cheapest for fuel since the pandemic,” said RAC head of policy Simon Williams.
“Despite both petrol and diesel rising by a penny and two pence respectively in November, the difference to a year ago is considerable with petrol 10.5p lower and diesel 12p less. This is great news for people making long festive journeys to visit friends and families as it should save them around £6 on a tank of fuel compared to last year.
“While conditions are clearly better for drivers this Christmas than previous ones, we’re still conscious that prices at the pumps could be slightly cheaper if retailer margins were lower. So, it was disappointing to see last week that the Competition and Markets Authority has once again expressed concern about a lack of competition among fuel retailers. This comes on the back of the CMA concluding drivers were overcharged by £1.6bn in 2023.
“We hope the Government’s commitment at the Budget to introducing a mandatory fuel price finding scheme next year will spark competition and lead to a fairer fuel retailing landscape that delivers better value for drivers wherever they fill up.”
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After graduating with a sports journalism degree, Robert joined Crash.net to lead the WorldSBK coverage in 2021, while also providing MotoGP coverage. Fulfilling that role for over three years, Robert was able to put his knowledge about all things racing to the test.
