Home Business New file highs as petrol hits £1.70 a litre and diesel reaches £1.81

New file highs as petrol hits £1.70 a litre and diesel reaches £1.81

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New file highs as petrol hits £1.70 a litre and diesel reaches £1.81

Average petrol costs have reached a brand new file excessive of 170.4p a litre, new figures present.

The common worth for diesel was 181.4p a litre on Tuesday, in response to knowledge agency Experian Catalist.

A 12 months in the past at this time, petrol was 129.0p a litre, with diesel at 131.3p a litre.

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RAC gas spokesman Simon Williams known as it “another unfortunate landmark”.

“While wholesale prices may have peaked for the time being last week they are still worryingly high which means there’s no respite from the record-high pump prices which are so relentlessly contributing to the cost-of-living crisis”, he stated.

“We badly want the federal government to take extra motion to ease the burden on drivers which we hope will characteristic in its announcement anticipated this week.

“VAT at 20% on fuel is currently benefitting the Treasury to the tune of around 30p a litre which seems very unfair when you consider it’s a tax on a tax as fuel duty – despite being cut to 53p a litre at the end of March – is charged at the wholesale level.”

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AA gas worth spokesman Luke Bosdet stated there may be “still quite some variation in pump prices among fuel stations in most areas”, saying it’s “particularly galling” when supermarkets of the identical model cost “significantly more” at one location in contrast with one other in the identical area.

The authorities reduce gas responsibility by 5p a litre on 23 March, however retailers have been accused of elevating revenue margins for the reason that coverage was launched.

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