Home   News   Article

Average price of petrol now ‘cheaper than diesel’

Fuel price wars
Fuel price wars

The average price of petrol has returned to being cheaper than diesel, the RAC said.

Two pence per litre was shaved off petrol prices at the pumps during last month, according to the RAC Fuel Watch report.

Filling up a 55-litre family car is now £1 cheaper than at the start of September.

Diesel remained around the 110p-a-litre mark, meaning it is more expensive than unleaded (109.63p-a-litre), having fallen below petrol in July for the first time since the summer of 2001.

RAC fuel spokesman Simon Williams said: “Petrol has now returned to its traditional position of being cheaper than diesel. This is primarily due to lower demand for unleaded as a result of the US summer holiday driving season finishing at the end of August.

“A secondary factor is that the diesel wholesale price has stayed stronger than petrol because, in the run-up to winter there is now less diesel in the marketplace. More oil from that part of the barrel is being used to produce more profitable domestic heating oil.”

Since the start of July the average forecourt price of unleaded has dropped 7p-a-litre from 117p, making a tank £4 cheaper. Diesel, however, has plummeted 10p a litre from 120p to 110.36p, giving drivers a saving of around £5.65 every time they fill up from empty.

The cost of wholesale unleaded fell 2% in September, which the RAC predicts will lead to further reductions in pump prices of at least 2p-a-litre within the next fortnight.

Check local fuel prices here at petrolprices.com.


Iliffe Media does not moderate comments. Please click here for our house rules.

People who post abusive comments about other users or those featured in articles will be banned.

Thank you. Your comment has been received and will appear on the site shortly.


Terms of Comments

We do not actively moderate, monitor or edit contributions to the reader comments but we may intervene and take such action as we think necessary, please click here for our house rules.

If you have any concerns over the contents on our site, please either register those concerns using the report abuse button, contact us here.

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies - Learn More