Economists have predicted that petrol prices in the UK could drop by 8p in the next few months. But for now, petrol and diesel prices remain high. According to the latest data from the RAC, an average litre of unleaded petrol costs 163.28p, while an average litre of diesel is 177.29p.
Petrol prices could fall by as much as 8p per litre in the coming months, according to an economic thinktank. The Centre for Economics and Business Research (CEBR) has made the prediction based on crude oil price forecasts.
CEBR economists believe that the price of crude oil — currently at $107 per barrel — will fall to below $90 per barrel by 2024. They also expect demand for the fossil fuel to fall, and the American government to lean on Middle Eastern nations to boost production.