Gap between average petrol and diesel prices hits record 20p
The gap between the average price of petrol and diesel has exceeded 20p a litre for the first time ever.
RAC Fuel Watch data shows that as of Wednesday, drivers were paying an average of 163.13p for unleaded while diesel had climbed to nearly 184p (183.94p) – a difference of 20.35p a litre.
The widening gap follows last week’s announcement from OPEC+ of significant production cuts, which has seen the wholesale price of refined fuel increase as a result of oil returning to trade at above $90 a barrel.
RAC fuel spokesperson Simon Williams explained: “Since OPEC and its allies agreed to reduce oil supply substantially, we’ve seen the price of wholesale diesel go up by 9p a litre and petrol by 4p a litre.
“This has led to the average price of diesel going up by almost 4p a litre and petrol by nearly a penny.”
The RAC warned that the outlook for diesel drivers is not good as prices head back to 190p a litre, which will add £3 to the cost of a tank, increasing it to £104.50.