Fuel suppliers expect further price cuts as market eases
Rubis and ATF Fuels say they expect petrol and diesel prices to keep falling as wholesale costs continue to soften.
Fuel suppliers Rubis and ATF Fuels say they expect more reductions in petrol and diesel prices in the coming period, as lower wholesale costs feed through to customers. The comments were reported by the BBC on Monday.
Both companies said the recent easing in market prices has already started to reach forecourts, with further falls likely if current conditions continue. Their outlook suggests retailers may have room to pass on additional savings after earlier cuts.
The companies did not give a timetable for the next round of reductions, and the size of any change will depend on how long wholesale prices stay subdued. Fuel prices can move quickly when crude and refined product markets shift.
Rubis and ATF Fuels are among the suppliers watching those market changes closely, as motorists continue to look for relief at the pump.
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