Welcome savings for diesel car drivers as fuel price falls
IT'S a sight unfamiliar to the motorists of Britain – price boards outside petrol stations showing that in many cases, diesel is now cheaper than unleaded petrol.
In fact, figures have revealed that the cost of filling up a typical diesel car has dropped by £3 in a month – and that's because its average price at the pumps has recently fallen by 5p a litre.The decrease has come about because retailers have finally been passing on the savings in the cost of wholesale diesel, which has been below that of petrol since the end of May.
At the beginning of July, the average price of a litre of diesel was around 120p, but by the end of the month, it had dropped to nearer 115p, according to motoring organisation the RAC.
And on July 29, for the first time since 2001, the average price of a litre of diesel – at precisely 116.28p - was cheaper than a litre of unleaded at 116.64p.
July also saw good news for drivers of petrol-powered cars, incidentally, since half a penny came off the price of a litre of the fuel they use, which reduced from 117.05p to 116.51p.
Wholesale fuel prices have been suppressed since the price of oil fell below the $60-a-barrel mark a few weeks ago.
This – allied to the fact that the pound is currently strong against the dollar - is why petrol and diesel are cheaper these days, the RAC said.
The RAC's fuel spokesman, Simon Williams, said July was a month of good news for motorists with diesel vehicles.
Quoted in the Daily Telegraph, he added: "The 5p-a-litre diesel saving recorded in July means the cost of filling up an average 55-litre diesel family car, such as a Ford Focus, has dropped by £3 in a month.
''This is particularly welcome for motorists setting out on their annual holidays.''