More than £ 1.50 a liter diesel for the first time: Average UK prices rose 150.50p over the weekend and petrol reached 146.53p


According to data released by the AA this morning, the average diesel price in the UK has risen to £ 1.50-a-liter for the first time over the weekend.

Diesel peaked at 150.50p and petrol also set a new record of 146.53p.

Experts have described diesel as exceeding £ 1.50, ‘another milestone in the sluggishness of pump prices this year’ and warned that this could soon lead to a rise in the prices of goods and services.

Another milestone for record pump prices: diesel’s average price exceeds £ 1.50-liter in forecourts around UK over the weekend

Motorists have been experiencing an all-time high in pumps for the past three weeks.

Unleaded rose to a record high of 142.48p on Sunday 24 October, and has since added an average of 4p-a-liter.

Diesel surpassed the previous record high in the same month nine years ago when it rose to 147.94p on Sunday 31 October.

Figures show that fuel costs rose to 7.5pa-liter in a single month in October.

November looks like another expensive month for drivers at the pumps, though prices are still up and ready to continue running for Christmas.

Over the weekend, the average price of a UK diesel rose to a high of 150.50p, the first time it has reached a record £ 1.50 barrier

Over the weekend, the average price of a UK diesel rose to a high of 150.50p, the first time it has reached a record £ 1.50 barrier

Luke Fossett, a spokesman for AA Fuel Price, warned that diesel costs could rise in the cost of goods and services if businesses start to shift costs to their customers.

“Setting a record £ 1.50 per liter of diesel is not yet another milestone along the dim road for pump prices this year,” said Bossedt.

“As a workhorse fuel for artisans who drive deliveries and customers, it costs even more for goods and services.

‘Many large businesses have defended themselves against high fuel costs with the extra charge system on deliveries.

If pump prices increase, their customers pay a percentage more for delivery and that is passed on to consumers.

‘However, small businesses, especially in rural areas, have fewer options than direct payment from shoppers and customers. It can damage customer relationships and put jobs and contracts at risk.

He said the rise in diesel prices has been driven by rising oil prices, but other factors include a weak pound and the rise in biofuel prices.

Drivers have been enjoying record fuel prices for the past three weeks, with petrol exceeding the previous high on October 24 and diesel on October 31

Drivers have been enjoying record fuel prices for the past three weeks, with petrol exceeding the previous high on October 24 and diesel on October 31

At wholesale prices in recent weeks, 4.5pa-liters have been more expensive than diesel petrol.

However, the difference in pump is only 4p per liter, indicating that retailers are not pushing the full amount of high wholesale prices on consumers.

‘Fuel traders want to balance their margins, knowing that diesel drivers will not incur additional costs on their fuel,’ explained AA’s fuel expert.

‘Petrol drivers are paying more because the lower revenues from discounted diesel sales for businesses with contracts or fuel cards are offset by adding more margins to petrol.

‘Commercially, it might make sense. But fuel prices are a more emotional issue, requiring labor and family costs, and many petrol drivers take a dull view of subsidizing business diesel.

Last week, RAC said it was preparing itself for higher motoring costs in construction until Christmas, when recent growth in oil prices shows no signs of easing and fuel prices are already pushing it higher.

“Drivers need some respite at the pumps, but it’s hard to see when that will come, and this could turn into an extremely expensive winter for drivers,” said Simon Williams of RAC Fuel Watch.

He said: ‘The combined effect can be difficult for many low-income families who rely on their cars from day to day.

“There is also an undesirable impact on businesses that rely heavily on diesel and, in turn, this will lead to a knock-on effect on retail prices, which will add more fuel to the rising inflation fire.”

Record fuel prices have come at a time when Britons are already facing rising costs of living.

Supermarket price inflation has reached its highest level in more than a year but fuel bills have skyrocketed after the recent rise in the industry price limit.

Thanks to inflation driven by the shortage of economic squeeze workers facing the British this winter, rising fuel costs and gaps in global supply chains as the coronavirus epidemic diminishes.

Special research for the Center for Economics and Business Research (CEBR) Daily Mail reveals how inflation will cost an extra £ 1,800 for a normal family of four by the end of this year, but retired couples can expect living costs to rise by more than £ 1,100, and low-income couples around £ 1,100 900 can sting.

‘The high prices that drivers have to endure at the pumps are coming at a time of domestic fuel costs and inflation, which could make the coming winter terribly expensive, especially for the low-income,’ said Simon Williams of RAC. Today.

Used car prices are so high that it is even more expensive for many drivers to upgrade to newer, more efficient vehicles to save money.

‘Our advice to all motorists is to shop for the cheapest fuel and drive as economically as possible – doing both of these things will help control the costs to some extent.’

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