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NextImg:Cheap petrol offers a small respite for squeezed households
Britain | Cost of living

Cheap petrol offers a small respite for squeezed households

A silver lining to Donald Trump’s tariffs

Given the state of the country, no sane minister would boast like Harold Macmillan, a post-war prime minister, that “most of our people have never had it so good.” But for motorists, life is cheaper than it has been for years. A litre of unleaded petrol now costs £1.32 ($1.75), on average, according to government data released on May 13th. That is the lowest price at the forecourt since July 2021 and a plunge from the peak of £1.92 in July 2022, after Russia’s full-scale invasion of Ukraine. Adjusted for inflation, filling up is now cheaper than at any point since 2003.

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This article appeared in the Britain section of the print edition under the headline “Pumped up”

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