Diesel Drivers 'Taken For A Ride' At The Pump

Written By Unknown on Selasa, 24 Maret 2015 | 16.01

A motoring organisation has claimed that diesel drivers are being "taken for a ride" by fuel retailers.

The RAC said it was calling for a cut of 4p-per-litre at the pumps because of a lack of parity between the wholesale cost and what motorists are having to pay.

It said the wholesale price of diesel was 1p a litre more than for petrol, yet diesel was nearly 6p more than petrol at forecourts.

The RAC highlighted recent Government figures which showed total fuel sales were up 3.5% in February compared with the same month last year.

Diesel sales last month, at 2.42 billion litres, represented the fifth highest monthly total since 1990 and were 4.5% up on February last year.

Petrol sales were up 2% last month but this was the eighth lowest total since 1990, the organisation said.

RAC fuel spokesman Simon Williams said: "It's hard not to think that business is being taken for a ride by the fuel retailers.

"Traditionally, business runs on diesel, and with sales of diesel at an all-time high the retailers have maintained a higher margin on diesel, perhaps to subsidise petrol sales".

Pump prices have been marching upwards in recent weeks as oil costs - which lost up to 60% of their value - started to recover some of those losses again.

Brent crude is currently trading around $55-per-barrel having dropped to around $40 earlier this year as a glut of oil on the market combined with world economic weaknesses to drive costs down.

The latest figures from Experian Catalist showed average forecourt diesel prices stood at 118.31p-per-litre on 22 March while unleaded cost 112p.

Diesel hit five-year lows of 115p in January while petrol costs tumbled below 110p.

Sky News was attempting to contact the body representing petrol retailers for comment on the RAC's report.


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