March sets new records with petrol and diesel prices up 11p and 22p a litre respectively
Biggest ever monthly price increases since RAC first monitored data in 2000
Biggest ever monthly price increases since RAC first monitored data in 2000
Seven-in-10 drivers said they are ‘very concerned’ about how high pump prices are, up from 51% who said the same late last October
RAC warns no end in sight to price rises at the pumps
Rising oil cost should be cushioned by retailer margins returning to more normal levels
Drivers are finally being charged a fairer price at the pumps despite petrol and diesel prices edging up again through January, new data from RAC Fuel Watch shows*.
The increase in the cost of a barrel of oil last month – up from $79 a barrel at the start of January to more than $92 at the end – pushed up wholesale petrol and diesel prices by 4.9p and 3.6p a litre respectively. Fortunately for
Unleaded falls by 2p a litre but RAC data shows price of unleaded should have come down by 12p
Drivers losing out to the tune of £5.5m a day based on current prices
Average retailer margin stands at 19p a litre for petrol and 15p for diesel – making unleaded 12p a litre too expensive and diesel 10p too dear
Petrol 6p a litre too expensive while diesel should come down by 4p
A quarter of drivers say fuel already accounts for a large proportion of their monthly spending
Both petrol and diesel now 30p a litre more expensive than a year ago, adding £16.50 to a fill-up
The record comes just a week after petrol also went above the record price of April 2012