Diesel prices are on the rise again and are now approaching 190p a litre on average.
Following a hike in wholesale prices, motorists are due to pay more at the pump in coming weeks. This comes after oil group OPEC+ announced that it was cutting its production by two million barrels a day.
While petrol and diesel prices are both up according to RAC data, diesel drivers are getting hit harder by the reduced oil supplies. In fact, the gap between average petrol and diesel prices has reached a record 20p.
As of Wednesday, drivers were paying an average of 163.13p for unleaded while diesel had climbed to 183.94p – a difference of 20.35p a litre. RAC fuel spokesperson Simon Williams said: "Since OPEC and its allies agreed to reduce oil supply substantially we’ve seen the price of wholesale diesel go up by 9p a litre and petrol by 4p a litre.
"This has led to the average price of diesel going up by almost 4p a litre and petrol by nearly a penny. Sadly for diesel drivers, the situation seems certain to get worse with prices heading back to 190p a litre which will add £3 to the cost of a tank (£104.5)."
The OPEC announcement made last week followed a vote to reduce the amount of oil that's being exported to Western countries. The RAC has said that this decision could "inevitably" mean we see higher prices at the petrol pumps.
Earlier this year, petrol prices hit an all time high at 191.53p-per-litre, with the price of diesel reaching 199.05p.
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