Will we feel effects of UK fuel price drop?

Sat, 23 Aug 2014

Does a drop in petrol prices in the UK spell good news for Manx motorists?

That's the question we've put to the Office of Fair Trading who are charged with keeping a close eye on the fluctuating prices, which in recent years have rocketed.

Across the water petrol and diesel prices have fallen to levels last seen in February 2011 with the average price of petrol now dipping below 130p a litre.

The Island expects to pay more at the pump given the additional charges of shipping the fuel over here.

Chief Officer at the OFT, Mike Ball, says it's difficult to predict how positive an impact the price drop will have in the Isle of Man: