There have been numerous stories about filling stations bumping up prices in recent months despite stable wholesale fuel costs, but new research has revealed that it is now diesel drivers who are being ripped off with inflated prices.
Despite the wholesale cost of diesel falling below that of unleaded petrol, according to new figures, fuel from the black pumps is still noticeably more expensive than petrol. June figures from the RAC’s Fuel Watch report found that wholesale prices for diesel sit at around 1-3p less per litre, though diesel currently costs UK motorists £1.20 per litre on average, compared to £1.17 per litre for petrol.
Though a number of retailers have dropped diesel prices to reflect the falling cost of buying it in, the RAC has failed to find any forecourt that is pricing diesel below petrol, reports the Press Association, which could mean retailers are compensating for small margins on petrol with larger returns on diesel sales.
We as a nation of motorists are far more focused on petrol prices
Fuel spokesman for the RAC, Simon Williams, said: “We as a nation of motorists are far more focused on petrol prices and therefore there is a perceived benefit from a retailer’s point of view in keeping petrol prices lower for the country’s 20m petrol car owners than it is for the 10m-plus diesel car drivers.
“While there are twice as many petrol cars on the road, the increase in diesel usage shown in Government statistics, and the new car sales figures which show more than 50% of cars and light commercial vehicles leaving the showroom are powered by diesel, confirm that we are increasingly relying on diesel for both business and private use.”
The RAC is now calling for diesel prices to be slashed by 5p per litre to reflect the wholesale market value.