Petrol prices plummet but RAC says costs are still too expensive for hard-up drivers | Personal Finance | Finance [Video]

BBC Breakfast compare petrol and diesel prices

Petrol and diesel prices have fallen for the second month in a row.

Unleaded is down by some three pence a litre in June compared to May, while diesel fell by four pence a litre, according to the RAC.

However, the motoring organisation said prices remain too high and do not properly reflect the wholesale price of oil.

It has called on competition watchdogs to take action amid concerns that the margin between what retailers – including supermarkets – are paying for fuel and what they are charging drivers is too high.

The RAC pointed out that prices in England, Wales and Scotland are considerably higher than in Northern Ireland, where there is proper competition among petrol retailers.

Unleaded is down by some 3p a litre in June compared to May (Image: Getty)

It said the average price of petrolacross the UK at the end of June was just under 145p …