Prices at the petrol pump are on course to dip below 160p a litre thanks to plummeting wholesale rates, just weeks after hitting a record high, according to the AA.
Major retailers are failing to reduce petrol prices in line with falling wholesale costs, the RAC has warned.
Just 10% of more than 4,500 UK forecourts are charging a fair price for petrol and diesel, according to new figures from the RAC.
Rolling roadblocks have brought parts of the M4 to a standstill as protesters target motorways in a demonstration over high fuel prices.
Fuel retailers have been accused of “inexplicably” raising pump prices again despite falling wholesale costs.
Fuel retailers were accused of a “classic example of rocket and feather pricing” as the cost of petrol reached a new record.
The average price of diesel is “perilously close” to £2 per litre, motorists have been warned.
The average price of a litre of petrol at UK forecourts on Tuesday was 186.6p, according to data firm Experian.
Pressure on the Government to take action on fuel prices intensified after the average cost of petrol reached a new high.
The competition regulator has announced it will carry out a “short and focused review” of fuel prices.
Pressure is building on the Government to cut fuel duty again after the average cost of filling a typical family car with petrol exceeded £100.
Fuel retailers failing to pass on the fuel duty cut could be named and shamed after the largest daily jump in petrol prices for 17 years, Downing Street has indicated.
Average fuel prices will hit £2 per litre this summer, motorists are being warned.
Drivers are being warned that “frightening” petrol prices will exceed an average of 180p per litre this week.
Petrol prices shot up in May, with the 11p increase being the second largest monthly rise ever on record.
Average petrol prices have exceeded £1.70 per litre for the first time, new figures show.
Petrol and diesel prices continue to climb to new highs, figures show.
Petrol and diesel prices have reached record highs, according to new figures.