Fuel price SHOCK – More bad news for diesel drivers as prices RISE

Fuel prices in the UK for diesel motorists have increased again. In yet more bad news for diesel car owners, average fuel prices have increased despite retail costs falling.

There has been a reduction in overall fuel wholesale costs but diesel prices have still increased, reveals new figures.

The AA Fuel Price Report reveals that diesel prices are 130.32p per litre – an increase of 1.47p up from 128.85p per litre in mid-February.

Wholesale diesel costs have been reduced to 49.8p per litre (including VAT) which its lowest level since early February. Therefore retail discounts are seemingly not being passed on to motorists.

Over the same time petrol prices have increased from 119.12p per litre in early February to 121.03p per litre, reports Auto Express.

However, over this time thew wholesale fuel cost has risen from 39.66p to 43.27p.

The AA’s fuel price spokesman Luke Bosdet said: “Fuel retailers’ failure to at least halt the rise in average diesel pump prices threatens to cast them alongside the villains in local and national government.

“With climate change concerns now coming back under political scrutiny, the fact that official figures show new diesel car fuel efficiency beating petrol’s by more than 18 per cent is lost in the scramble to get more tax out of diesel.”

Average fuel prices for both petrol and diesel cars rose for the first time this year.

This ended three months of fuel price drops, which was welcome relief to motorists after consistent rises in 2018.

All-Party Parliamentary Group (APPG) for Fair Fuel said that retailers made around 8p per litre on fuel in the start of 2018. However, it suggested that this has risen from 13p per litre.

Conservative MP Kirstene Hair, chair of the APPG for Fair Fuel, commented: “Drivers need reassurance that they are not paying way over the odds for fuel.

“In rural communities where public transport is poor and unreliable, people need their vehicles to get from A to B. It is essential that they pay the fairest price.

“That is where a price monitoring system would support them.”

Howard Cox, founder of FairFuel UK and secretary to the APPG for Fair Fuel, added: “We need ‘Pumpwatch’ now to ensure pricing fairness for both consumers and hardworking fuel retailers, too.

“Most of the profiteering is at wholesale level, not by small independent retailers, who are also victims of the greedy fuel supply chain.”

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