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Mike Waters' blog: 11 August - A surprise at the pumps

Date: 11 August 2015

Mike Waters is senior insight & consultancy manager at Arval, the leading vehicle leasing and fleet management company

For the first time in 15 years diesel is cheaper than petrol., It's not a position that we're used to but is partly due to the influence of the major supermarkets.

Tesco, Morrisons and Asda have all dropped the price by up to two pence-per-litre-litre.

So the changing price of fuel  is definitely something to consider when selecting your next vehicle. The myth that petrol is cheaper to buy but diesel is more efficient may have been true in the past but isn't necessarily correct today.

When you factor in hybrid options as well as plug-in vehicles you are presented with a mix of powertrains all delivering different performance and economy; heavily influenced by the way that they are used.

It's also important to remember that these things aren't static. Taking the diesel example, we have been here before and it wasn't for long.RAC Fuel Watch records show that diesel was last cheaper than petrol 15 years ago but it only lasted for two and a half months.

However, fuel prices are always linked to supply and demand and capacity from Saudi Arabia means there is a chance that we may see the diesel price staying below petrol for longer this time.

It's not easy to future-proof the decisions that you make around vehicle choice because things change. What I would say is an open mind, clarity around the regular journeys that the vehicle will be doing, and a good understanding of the options available will give you a much better chance of making the best choice.