As Winter recedes there seems to be a respite from the inexorable rises in the price of petrol and diesel that businesses have been experiencing for the past few months. Meanwhile, EV charging costs remain stable.

Our data for March shows that the average cost of petrol and diesel is falling, by 1.3p in the case of petrol and 2.1p for diesel. Neither are yet down to the levels seen in October, when petrol was at 133.2p per litre (now in March at 136.7p) and diesel at 138.6p (now 144.1p) but the good news is prices are heading in the right direction.

In early April, as our figures for March were released, US President Donald Trump announced his trade tariffs, affecting countries worldwide.

With actions of this type having very little precedent, what this will mean in the medium and longer term for oil, gas and electricity prices is very hard to predict. The immediate reaction was that crude oil prices fell nearly 5%, as traders predicted reduced demand due to suppressed global economic activity.

It could mean that the cost of petrol and diesel drops in the coming months as oil prices fall.

But who really knows? The impact is unpredictable and it’s hard to say whether these high tariffs will remain in place for the rest of this month, let alone the years ahead.

At Allstar, we will be keeping a close eye on what’s going on, and will report back.

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