Petrol and diesel prices look set to remain stable for the next few months, according to oil industry experts and analysts.
The predictions follow the breakdown of talks to limit production, the ending of a strike in Kuwait and the likelihood of production ramping up in Lybia.
Pump prices had been starting to rise again following falls throughout last year.
An RAC fuel spokesman, said: “Motorists should be relieved that the Doha oil producer talks broke down without a production freeze agreement as this means fuel prices at the pumps should not rise too much further.
“It was always going to be hard for OPEC and non-OPEC countries to reach an agreement, particularly as OPEC has led the over-production drive which has brought the barrel price down as low as $26.”
The spokesman added: “Even if a production freeze of some sort had been agreed we would have been very surprised if it had meant the price of oil going back above $60 a barrel.
“To put things in perspective four years ago when the average price of petrol was 142p and diesel was 148p, a barrel of oil cost $120 so fortunately we are a long way from seeing those bad times again.”
According to the AA’s latest fuel price report from March the UK’s average diesel price currently stands at 103.3p a litre with petrol at 102.0ppl.