Our data shows that without advertising the fact Asda has taken an average of 4.5p off the cost of litre of unleaded across its 320 sites and around 5.5p off diesel, said RAC fuel spokesman Simon Williams. “While we’re pleased one major supermarket retailer has finally started heeding our calls to pass on the enormous drop in the wholesale prices of both fuels, the fact these price cuts have been … [Read more...]
Diesel prices soaring again, warn RAC
The average price of diesel shot up by more than 10p a litre in October – the third biggest monthly increase on record – adding more than £5 to a tank, according to data from RAC Fuel Watch. A litre of diesel went from 180.37p to 190.51p making October’s rise second only to the ones seen earlier this year in March (22p – 155.23p to 177.29p) and June (16p – 183.43p to 199.05p) which gave rise to … [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...]
Newslines 27 June
As wholesale fuel prices are falling the prices have climbed over the weekend. RAC fuel spokesman Simon Williams said, “A litre of unleaded broke records again when it averaged 191.05p on Sunday, taking a fall tank over £105. Diesel also reached another high point on Saturday with an average price of 199.09p, which makes a full 55-litre family car fill-up £109.42. We are struggling to see how … [Read more...]
Soaring pump prices fuelling inflation and misery
As pump prices smashed through the £2.00 a gallon ceiling, pressure is mounting on the Government to dramatically cut its duty and VAT take from motorists. Nearly half of the pump prices paid by drivers is duty or tax which goes back to the Government and the RAC said today that the Chancellor's 5p cut after the Ukrainian invasion has already been offset by the rising charges. RAC fuel spokesman … [Read more...]
Motorists are struggling as diesel hits record high
One in four motorists have struggled to afford the cost of driving in the past month, according to comparethemarket.com. The research, based on a national poll of 2,000 motorists, found one in three drivers (33%) is worried that they won't be able to cover the cost of driving in the coming weeks. Driving has become increasingly unaffordable, as 84% of motorists have spent more on fuel in the … [Read more...]
Chancellor’s cut is not deep enough
Research by used car buying service ChooseMyCar.com has revealed over 90 per cent of drivers believe the Chancellor’s reduction on fuel duty has had zero impact on their fuel bill. Spiralling fuel costs led Chancellor Rishi Sunak to cut the fuel duty by 5p a litre in a move that was widely welcomed. However, the new study suggests that it doesn’t go far enough, with an overwhelming majority … [Read more...]
UK suffers a decade of rising petrol prices
Today, the UK is the 10th most expensive country for petrol in the world, according to CarMoney.co.uk. The UK has seen a 1.4% increase over the last decade, but a huge 38% increase over the last 5 years. Today, prices have only increased slightly risen since then (1.4%), but if we compare today’s price with where we were 5 years ago, we can see the jump, going from £1.17 per litre in 2018 to … [Read more...]
Fuel rises steepest in a single day, says RAC
Average fuel prices leapt to new records yesterday, with diesel jumping a huge 3p a litre in a single day to 165.24p a litre while petrol went up 2p to 158.20p. RAC fuel spokesman Simon Williams said, “The diesel daily increase was the largest on record since 2000. “The cost of a filling a 55-litre family car with petrol is now £87 – £7 more than it was at the start of the year. Diesel drivers … [Read more...]
Soaring fuel prices need Government action
The average price of petrol across the UK has jumped by more than 4p in a week topping £1.55 for the first time ever. It means a gallon costs over £7 – something which many older drivers will be struggling to comprehend. Diesel, however, has increased by 6.5p a litre to £1.61 or £7.30 a gallon. RAC fuel spokesman Simon Williams said,“These hikes are unprecedented and will sadly be hitting both … [Read more...]