Tuesday, July 5, 2022
HomeUKPetrol costs exceed £1.70 per litre for first time

Petrol costs exceed £1.70 per litre for first time


verage petrol costs have exceeded £1.70 per litre for the primary time, new figures present.

The common value of a litre of petrol at UK forecourts on Tuesday was 170.4p, in accordance with information agency Experian Catalist.

Diesel additionally reached a document excessive of 181.4p per litre.

Petrol has turn into round 41p per litre costlier over the previous 12 months, including round £23 to the price of filling a typical 55-litre household automotive.

RAC gas spokesman Simon Williams stated the value of petrol has reached “one other unlucky landmark”.

“Whereas wholesale costs could have peaked in the intervening time final week, they’re nonetheless worryingly excessive, which suggests there’s no respite from the record-high pump costs that are so relentlessly contributing to the cost-of-living disaster,” he stated.

“We badly want the Authorities 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 gas is at present benefitting the Treasury to the tune of round 30p a litre, which appears very unfair when you think about it’s a tax on a tax as gas responsibility – regardless of being reduce to 53p a litre on the finish of March – is charged on the wholesale degree.”

One more milestone of distress alongside the highway of document pump costs

AA gas value spokesman Luke Bosdet stated petrol has handed “yet one more milestone of distress alongside the highway of document pump costs”.

He added that there’s “nonetheless fairly some variation in pump costs amongst gas stations in most areas”, and it’s “notably galling” when supermarkets of the identical model cost “considerably extra” at one superstore in contrast with one other in the identical area.

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