In the News

Will UK petrol prices fall below £1 a litre?

Geoff Riley

9th December 2015

The sustained fall in the world price of crude oil has raised hopes that motorists will soon pay less than £1 a litre for their petrol on the main forecourts. But a festive cut in prices below the £1 threshold might be like waiting impatiently for Santa to arrive. It takes time for changes in world crude prices to work their way through the supply chain via refineries and eventually show through in retail prices.

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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