A litre of diesel is, on-average, now 24p more expensive than a litre of unleaded petrol, according to the RAC's 'Fuel Watch' price analysis. Whilst the average price of diesel, per litre, has decreased since its 9+ year peak in July this year, it still remains much higher than petrol and, understandably, thousands of motorists are wondering why.
The latest figures from the RAC, released on October 24, show the average price for unleaded petrol in the UK is 165.75 pence per litre with super unleaded petrol retailing at 178.85 pence per litre. The RAC said it did not expect a great change to these average prices in the coming weeks. However, the motoring company reported that buying diesel from a UK petrol station would set you back an average of 189.27 pence per litre - and that this figure was actually "likely to rise" in the coming weeks.
According to UK motoring magazine Auto Express, rising fuel prices are a result of petrol-producing countries in OPEC (the organisation of the petroleum exporting countries) "agreeing to cut production by two million barrels per day," an action which has led to the trading price of fuel increasing which has kept the retail price high - even though it has fallen from its peak earlier this year. You can get more consumer news and other story updates straight to your inbox by subscribing to our newsletters here.
