Petrol prices top £1 per litre

June 5, 2009 | By | In Statistics

Prices rise to a record high for the year – Budget increases and rising wholesale market costs are to blame.

Petrol prices are again topping £1 per litre for the first time in seven months. The average pump price across the country is 100.6p, according to fuel cost comparison site petrolprices.com. Diesel is 3.3p dearer.

World oil prices have climbed, but drivers have also suffered a 2p per litre increase announced in the Budget and imposed in April. A further 2p rise in fuel duty is planned for September. Meanwhile, oil prices hit a high for 2009 this week, reaching $69 a barrel. And, because it takes six weeks for changes in wholesale prices to affect whatever we pay, expect further price rises.

Back in February, the wholesale cost of a barrel was $38. And, at the start of the year, average unleaded prices dipped to 86p per litre, while diesel cost 98p per litre.

It pays to shop around, though: the dearest petrol in the UK is 110.9p per litre, while for diesel you can pay as much as 114.9p. But the cheapest unleaded is 95.9p, while it is still possible to find diesel for (just) under £1 per litre.

Social media & sharing icons powered by UltimatelySocial

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close