play_arrow

keyboard_arrow_right

skip_previous play_arrow skip_next
00:00 00:00
playlist_play chevron_left
chevron_left
  • play_arrow

    DukeBox UK DukeBox UK

  • cover play_arrow

    Outside The Box #6 - Outstanding Arsenal and Hamilton the History-Maker Duke Box

News

Drivers hit by surging fuel prices

todayOctober 4, 2023

Background
share close

Drivers hit by surging fuel prices

That’s according to the RAC

Drivers were hit by an 8p per litre surge in the price of diesel last month, new figures show.

The RAC said the average price of the fuel at UK forecourts rose from 154.8p at the start of September to 163.1p by the end of the month.

It was the fifth largest monthly rise since 2000.

Petrol prices rose by nearly 5p per litre from 152.5p to 157.0p

The RAC attributed the price rises to oil producer group OPEC+ restricting global supply, combined with a fall in the value of sterling compared with the US dollar, which is used for fuel trading.

RAC fuel spokesman Simon Williams said: “Drivers are sadly really starting to suffer again at the pumps. There’s little respite whichever fuel drivers use.

“Our analysis of RAC Fuel Watch wholesale and retail data shows that petrol is currently overpriced by around 7p a litre, although the price of diesel is likely to go up further still in the coming weeks.

“It’s worrying that retailer margin across the UK is higher for petrol than it should be considering the big four supermarkets were told off by the Competition and Markets Authority for overcharging drivers by £900 million in 2022.

“While many have voluntarily started to publish their prices ahead of being mandated to in law, we still have a situation where wholesale price changes aren’t being fairly reflected on the forecourt.”

Published: by Radio NewsHub

Written by: admin

Rate it

Previous post

News

Screening people in AE for diabetes could pick up thousands of new cases

creening people in A&E for diabetes could pick up thousands of new cases, research suggests. Figures from Diabetes UK show that more 4.3 million people in the UK have diabetes but around 850,000 are yet to be diagnosed. A new study from an English NHS trust suggests 10% more cases could be picked up as well as 30% more cases of pre-diabetes – a serious condition where blood sugar levels […]

todayOctober 3, 2023 3

0%