Falling fuel prices are having little affect on motorists pockets as forecourts are failing to pass on the savings, the AA told The Telegraph yesterday.

Motorists could be paying 9p a litre too much for petrol despite recent falls in wholesale oil prices according to the AA. In July wholesale prices jumped to an all-time high of around $146 now down by around $20 a barrel.

Edmund King, the AA’s president told The Telegraph that drivers were being “taken for a ride” by retailers as diesel prices have actually crept up over the past couple of days and petrol prices have barely staggered.

However the UK Petrol Retailers Association defended fuel retailers claiming that fuel sold currently is derived from oil bought when prices were still high.

“There is normally a time lag of four to six weeks for the reductions to feed through. This time it will be quicker than this, prices will be coming down in the next week to 10 days.” (source: Telegraph.co.uk)