Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt UK fuel prices set for new Christmas record highs, RAC reports
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UK fuel prices set for new Christmas record highs, RAC reports

Date: 22 December 2022   |   Author: Sean Keywood

The price of both petrol and diesel at UK filling stations over Christmas 2022 is set to be a new record high for the festive period, according to the RAC.

It said petrol was currently being sold for 152.96p per litre on average, 7p more than at this time last year, while diesel was currently at 175.75p on average, 27p higher than 12 months ago.

According to the RAC, the increases come despite the wholesale price of petrol now being the same as it was last year, and diesel only 14p per litre more expensive, and with this year's prices also including the UK Government's 5p fuel duty cut implemented earlier this year.

The RAC says that based on wholesale prices, petrol and diesel should be 15p and 13p respectively cheaper than they are now.

Prices of the fuels have at least come down since the start of the month, by around 7p per litre for petrol and 8p per litre for diesel.

RAC spokesman Simon Williams said: "With the cost-of-living crisis making this one of the toughest Christmases on record, it is even more galling to know drivers are being heartlessly overcharged for fuel making this the most expensive ever festive getaway on the roads.

"The big four supermarkets, which dominate UK fuel retailing, have robustly refused to significantly lower their forecourt prices to reflect what's happened with the substantial reduction in the price of wholesale fuel that they are enjoying.

"We now have a bizarre situation where many smaller independent retailers are charging far less for their fuel than the supermarkets. The trouble is after years of the supermarkets being the cheapest place to fill up many drivers automatically assume this is still the case and may be losing out as a result.

"We urge the supermarkets to properly cut their petrol and diesel prices to give drivers the Christmas present they deserve. Sadly though, having seen a similar situation last year where the biggest retailers failed to pass on much lower wholesale costs, we're not holding out much hope they will do the right thing this year. We suspect they're just going to try to tough out all our calls for price cuts in the hope the price of oil will go back up in the new year.

"The only consolation for drivers is that both petrol and diesel have fallen a long way from their summer highs of 191.5p for unleaded and 199.09p for diesel."



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