Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt Retailers blamed for 'too high' petrol prices
Cookies on Businesscar

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time

BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

Retailers blamed for 'too high' petrol prices

Date: 04 October 2023   |   Author: Sean Keywood

The average cost of both petrol and diesel at UK filling stations rose in September, according to RAC data.

The motoring organisation said the average litre of petrol rose by 4.52p during the month, to 157.01p, while diesel rose by 8.33p to 163.11p.

This came on the back of rises during August, by nearly 7p and 8p respectively.

The RAC said the price rises were being driven by oil producer group OPEC+ restricting global supply, in conjunction with the weaker value of sterling making wholesale fuel, which is traded in dollars, more expensive to buy in the UK.

However, it said that petrol prices should be cheaper relative to diesel.

RAC spokesman SImon Williams said: "Our analysis shows that petrol is currently overpriced by around 7p a litre, although the price of diesel is likely to go up further still in the coming weeks.

"In the last two weeks the wholesale cost of diesel has become 10p a litre more expensive than petrol, yet the gap at the pumps is only 5p. 

"If retailers as a whole were playing fair with drivers petrol would be at least 7p cheaper than it is now, down to around 150p from its current average of 157p." 



Share


Subscribe