Motorists may soon experience a change at the pumps due to a new law that could potentially save them money.
The UK Government has recently passed a new law, enabling them to monitor any irregularities in pricing at petrol and diesel stations. This comes after drivers have been faced with soaring fuel prices.
Given the current situation where the UK reportedly has the highest diesel prices in Europe and one of the highest petrol prices. The newly-introduced Digital Markets, Competition and Consumers Act could cut prices and prevent price gouging activities by high retailer margins on refuelling.
Currently, the average cost for a litre of petrol is 149p, while diesel is priced at 155p. Both prices significantly exceed the European averages. The RAC has written to Energy Secretary Claire Coutinho this week calling for “meaningful action” against fuel retailers charging too much for petrol and diesel.
RAC fuel spokesman Simon Williams said: “We feel the current margins being charged by larger retailers in particular are extremely unfair on drivers struggling to get by in the cost-of-living crisis." The RAC added that the new legislation is a "cause for hope for fairer fuel price"
According to the new legislation which came into effect on May 24, The Act will also give new powers to the CMA to closely monitor road fuel prices and report any sign of malpractice to the government. This might indicate a reduction in prices once the law is fully operational, suggesting that it might be worthwhile to wait before filling up to check if prices do indeed plummet.
The cheapest place in Surrey to fill up your car with petrol is at a Sainsbury's garage in Waverley. According to the latest data supplied by retailers, a driver in an average family car could save up to £15.95 by filling up at this forecourt, compared to the most expensive petrol station.
The Sainsbury's garage at Woolsack Way, Waverley is charging motorists 140.9p per litre, which means it would cost £77.50 to fill up an average 55 litre tank. This is based on a feed of live petrol prices which was set up by the government's Competition and Markets Authority last September.
The average price for a litre of petrol across the Surrey region this week is 148.1p.
Here are the cheapest places to top your car with petrol in Surrey
- 140.9p - Sainsbury's, Woolsack Way, Godalming Central & Ockford, Waverley
- 142.9p - Sainsbury's, Water Lane, Farnham Moor Park, Waverley
- 142.9p - Sainsbury's, 21 Bonehurst Road, Horley West & Sidlow, Reigate and Banstead
- 143.9p - Sainsbury's, Redding Way, Knaphill, Woking
- 143.9p - Sainsbury's, Clay Lane, Burpham, Guildford
- 143.9p - Texaco, 186-187 High Street, Egham Town, Runnymede
- 143.9p - Jet, Oyster Lane, Byfleet and West Byfleet, Woking
- 144.9p - BP, Farnham, Farnham Castle, Waverley
- 144.9p - Sainsbury's, Blackwater Valley Road, Watchetts, Surrey Heath
- 144.9p - Esso, Goldsworth Park, Goldsworth Park, Woking
The most expensive filling station in Surrey is a BP station at M25 Eastbound, Tandridge. The cost of standard petrol at this station is 169.9p, meaning it would cost a total of £93.45 to fill up an average family car at this forecourt.
For the owners of diesel cars, the cheapest place to fill up is the Sainsbury's garage at Waverley. The cost of a litre of standard diesel at this forecourt was 146.9p, according to prices supplied by retailers.
Here are the cheapest places to fill up your car with standard diesel in Surrey this weekend.
- 146.9p - Sainsbury's, Woolsack Way, Godalming Central & Ockford, Waverley
- 148.9p - Sainsbury's, Water Lane, Farnham Moor Park, Waverley
- 149.9p - Sainsbury's, Blackwater Valley Road, Watchetts, Surrey Heath
- 149.9p - Sainsbury's, Clay Lane, Burpham, Guildford
- 149.9p - Sainsbury's, 21 Bonehurst Road, Horley West & Sidlow, Reigate and Banstead
- 149.9p - BP, Staines Road West, Laleham and Shepperton Green, Spelthorne
- 149.9p - Esso, Herds Garage, Laleham and Shepperton Green, Spelthorne
- 149.9p - Texaco, Swan, Hindhead & Beacon Hill, Waverley
- 151.9p - BP, Farnham, Farnham Castle, Waverley
- 151.9p - Sainsbury's, Redding Way, Knaphill, Woking
You can use our interactive widget to find out the price of fuel at the petrol stations near you.
UK drivers are currently paying 147p per litre of petrol, while people who own diesel vehicles are forking out 152.6p on average. In Surrey owners of petrol cars are currently being charged 0.7p more than the national average of 147p.
Diesel car drivers in Surrey are paying 1.9p more than the national average. The cheapest place to buy petrol in the country is at a Sainsbury's garage in Hastings where a litre of standard petrol is 136.9p. The most expensive petrol station in the country is a BP garage in Winchester where motorists are charged 174.9p a litre.
The prices quoted are for standard grade petrol (E10) and for standard grade diesel (B7). The figures are supplied by the major retailers under a voluntary scheme launched by the Competition and Markets Authority to ensure motorists are given a fair deal at the petrol pumps.
Most of the major petrol retailers have signed up to the scheme and the petrol stations supplying up-to-date information account for around 60 per cent of the fuel sold in the UK. The price of fuel is often cheaper at Costco outlets, but their service is only available to members. The prices quoted are those supplied by retailers as of Tuesday 4th June, 2024 at 4:45am.
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