Honda Motor and Japanese trading house Mitsubishi Corporation will join forces to explore new business opportunities in the electric vehicle battery segment, according to local reports. The news came shortly after Toyota announced an alliance with Japanese energy group Idemitsu Kosan to develop solid state batteries for EVs, reports GlobalData. Sinclair Jaguar Land Rover has relocated its … [Read more...]
Newslines 10 October
EV drivers who charge mostly from home will see a small rise in electricity costs from 28p to 34p per kWh as part of the Government’s October Energy Price Cap. The price cap will remain in place until 2024 so it’s a good news story for those who are able to charge at home, especially as domestic electricity prices were set to rise to 52p per kWh from October 2022 with further price increases … [Read more...]
Drivers still short-changed on fuel, says RAC
Despite a further 12p (12.31p) coming off the price of the average price of petrol last month – the largest monthly drop on record – pump prices remain a long way off what the RAC believes are fair given current wholesale fuel costs, new RAC Fuel Watch analysis shows. The average price of a litre of unleaded is now under 170p (169.8p) for the first time since May, with the price cuts made by … [Read more...]
Fuel prices fall may be hit by Budget bash, warn RAC
Don’t hold your breath for fuel cuts, warn the RAC. The plunging price of oil over the weekend should bring down pump prices within days, but RAC fuel spokesman Simon Williams said, “This is looking like the biggest single daily drop in the oil price in 20 years. “It should translate to some serious cuts at the pumps, particularly as the price of both petrol and diesel is still overpriced … [Read more...]
Pump prices begin rising again, says RAC Fuel Watch
A surge in world oil prices in December has brought an end to four months of falling petrol prices with a litre of unleaded going up very slightly (0.24p) to 126.11p, data from RAC Fuel Watch reveals. The price of oil increased $3 ($2.91) a barrel over the course of the month from $63.61 to $66.52 – a rise of nearly 5% – as a result of the United States and China cooling their 17-month trade war. … [Read more...]
Fuel sellers keeping up prices
Following weeks of rising petrol and diesel prices, the RAC is today urging retailers to pass on recent reductions in wholesale costs they have enjoyed by cutting forecourt prices by 2p per litre. Data from RAC Fuel Watch shows that despite wholesale prices having dropped by between 2.5p and 3p since 22 May, drivers have suffered near-daily fuel prices rises since the end of April (22 April) – … [Read more...]