You are here: Home - Household Bills - News -

Diesel drivers ‘days away’ from £2 a litre pump price

0
Written by:
23/06/2022
Pump prices continue to rise and set new records, with diesel drivers now just 2p away from paying £2 a litre for the fuel.

The average price of petrol rose by half a penny to 189.84p on Wednesday, while diesel was up by nearly 1p to 198p a litre.

This takes the cost of filling up an average 55-litre family car with unleaded to £104.41 while the equivalent cost for diesel drivers stands at £108.90.

RAC fuel spokesman Simon Williams said: “It seems as though we are just days away from the frightening prospect of the price of diesel averaging £2 a litre across the UK taking the cost of a full tank to a staggering £110. For drivers who still think in gallons this would be £9 a gallon.”

Williams added that they are “surprised and disappointed” to see the price of unleaded continuing to rise as the cost on the wholesale market “tells a very different story”.

He explained that over the course of last week delivered wholesale petrol averaged 148p a litre which should lead to a price of around 186p after factoring in 7p-a-litre retailer margin and VAT at 20%.

“We suspect if retailers fail to reduce their prices in the next few days they will find themselves playing into the hands of the Competition and Markets Authority which is currently looking into their behaviour,” he said.

Meanwhile, the average price of a litre at motorway services is now 203.45p for petrol and 205.88p diesel. Supermarkets – which tend to be cheaper – are recording an average price of 187.83p for petrol and 196.21p diesel.

The price of supermarket diesel has rocketed by 11p a litre in the last fortnight.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week