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Wales Online
Wales Online
National
Neil Lancefield & Elaine Blackburne

Diesel 'perilously close' to £2 a litre - but could petrol prices have reached their peak?

The average price of diesel is “perilously close” to £2 per litre, motorists have been warned. RAC fuel spokesman Simon Williams said wholesale costs mean pump prices are “on course” to move closer to the milestone.

Figures from data firm Experian show the average price of a litre of diesel at UK forecourts reached a new high of 197.1p on Tuesday. The average price of petrol was a record 189.3p per litre.

Twelve months ago the prices were 133.5p for diesel and 131.1p for petrol. The Competition and Markets Authority announced last week that it will carry out a “short and focused review” of fuel prices after a request by Business Secretary Kwasi Kwarteng.

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