The wholesale price of diesel is now on a par with petrol yet diesel is still being sold for 17.5p a litre more on average at forecourts across the UK, reveals data from RAC Fuel Watch. The average price of petrol stands at 146.63p while diesel is 164.26p despite both fuels selling for around 114.5p on the wholesale market. In fact, on two days last week wholesale diesel was cheaper than … [Read more...]
Protection for parts supply until 2029
The Competition and Markets Authority has recommended that the existing retained Motor Vehicle Block Exemption is replaced with an updated UK-specific Motor Vehicle Block Exemption Order to stay in place until 2029. “We are pleased that the CMA understands there are issues with the existing MVBER which need to be addressed for a new UK MVBEO, including access to technical and in-vehicle … [Read more...]
Dismay at end of PHEV grant as fuel prices soar again
The government is today ending the plug-in car grant allowance for new orders after successfully kickstarting the UK’s electric car revolution and supporting the sale of nearly half a million electric cars. The announcement was greeted with dismay and concern by car makers, the motor dealers and charging network suppliers. It could also boost demand for used PHEVs and second hand petrol and … [Read more...]