Diesel drivers – including almost everyone who runs a van for a small business – are continuing to suffer from inflated prices at fuel pumps up and down the country and are seeing no benefit from plummeting lower wholesale costs, despite the Chancellor continuing the fuel duty freeze in Wednesday’s Budget, the RAC is warning.
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Petrol and diesel prices continue ‘stratospheric’ rise
The cost of petrol and diesel continued its ‘stratospheric’ rise on Thursday.
The RAC said that the average cost of unleaded reached 187.51p a litre, with diesel hitting 194.17p. It means that the cost of filling an average 55-litre family car will now cost £103.13 and £106.79 for petrol and diesel respectively.
Simon Williams, RAC fuel spokesperson, said: “We’re hopeful that the scale of the recent increases is at last slowing and we’d expect the largest retailers who buy fuel most frequently to stop the pump price rot and even look at reducing their prices soon to reflect the fact they’ve been benefiting from lower wholesale costs over the last week.”
Petrol and diesel prices have continued to soar in recent weeks. Thursday’s price represents a significant hike, even compared with the day before. On Wednesday (June 15), the average price of a lite of petrol was 1.86.6, according to data firm Experian. The average price of a litre of diesel was 192.5p.
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Petrol tops 146p a litre while diesel nears 150p
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Petrol prices rise for third consecutive month
The price of petrol rose by 3.5p in January, reaching prices last seen just before the first lockdown was introduced on March 22, 2020.
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Supermarkets push the average price of fuel up 2p per litre
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Fuel prices static despite a sharp rise in the price of oil
Fuel prices remained almost unchanged in November despite a barrel of oil shooting up $10 to $46 a 27% monthly rise, data from RAC Fuel Watch shows.
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Drivers set to enjoy fuel price cut as low oil demand drives down cost
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September marked the end of three months of fuel price increases
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