Why are diesel drivers subsidising petrol buyers?

Do you drive a diesel car or van? Well, watch out – you’re probably paying over the odds for your fuel.

Garages and forecourts have been accused of hiking the price of diesel by up to 6p a litre to make up for poor margins on petrol sales.

And that means they are adding more than £3 to the cost of filling up a diesel car, or £4.80 for a van.

Cheques and balances

Edmund King, AA president, said: “Cars are like blank cheques for whoever feels the need to balance the books by plundering drivers’ pockets.

“And now the fuel retailers are taking £3-a-tank extra on diesel to steady their finances.”

Oiling the wheels

Petrol prices are also on the up, with the typical cost of a litre rising from 111.92p in mid March to 113.29p in mid April.

And all this while wholesale oil prices continue to fall!

• In the first 2 weeks of March, oil averaged $ 58.50 (£39.31) a barrel.

• In the opening fortnight of April, the cost of a barrel was just $ 55.70.

Rise and fall

So why are fuel prices going up while oil prices are falling on the international bourses?

Does it prove that retailers are cashing in on both petrol and diesel drivers?

After all, the cost of filling up a 55-litre petrol tank has shot up by 75p in the last month. And since February, petrol prices have risen 7p a litre – pumping up the cost of filling up by £3.50 a time.

Crude statistics

But it’s not that straightforward. Even though the oil price has fallen when priced in dollars, the value of sterling has itself fallen against the dollar.

That means oil costs more for UK processors and retailers.

The change in exchange rates has meant that, while £1 bought you $ 1.511 in mid March, it got you just $ 1.481 in mid April.

In, er, crude terms, that means a $ 2.80-a-barrel fall in the oil price translates into a 1p-a-litre increase at wholesale level, which inevitably feeds through to the pumps.

Pump action

So it seems no-one is faring particularly well at the pumps at the moment (although prices below £1.20 are still around 10% less than this time last year).

But even the Petrol Retailers Association confirms that diesel drivers are being used to subsidise their more numerous petrol-purchasing counterparts.

A spokesman said: “Currently, the margin available on petrol is extremely low – and so higher margins may be taken on diesel.”

Cutting remarks

The RAC, which has accused fuel retailers of taking diesel drivers for a ride, is calling for diesel prices to be cut by 4p a litre.

Simon Williams at the RAC said: “Retailers have maintained a higher margin on diesel, perhaps to subsidise petrol sales.”

But rather than calling for price cuts, the AA wants the politicians jostling for our votes to make both petrol and diesel pricing more transparent for the UK’s 35 million drivers.

“Motorists prop up the Treasury to the tune of 10% of the UK’s total £582.6 billion tax-take,” said Edmund King. “But the need for fair pricing on UK forecourts has so far been largely ignored by politicians. A commitment to pump price transparency would be a good start.”

Why are diesel drivers subsidising petrol buyers?

Why are diesel drivers subsidising petrol purchasers?

Do you drive a diesel automobile or van? Nicely, watch out – you’re almost certainly paying more than the odds for your fuel.

Garages and forecourts have been accused of hiking the price tag of diesel by up to 6p a litre to make up for poor margins on petrol sales.

And that means they are adding much more than £3 to the cost of filling up a diesel auto, or £4.80 for a van.

Cheques and balances

Edmund King, AA president, stated: “Cars are like blank cheques for whoever feels the want to balance the books by plundering drivers’ pockets.

“And now the fuel retailers are taking £3-a-tank additional on diesel to steady their finances.”

Oiling the wheels

Petrol rates are also on the up, with the common expense of a litre increasing from 111.92p in mid March to 113.29p in mid April.

And all this whilst wholesale oil prices continue to fall!

• In the initial 2 weeks of March, oil averaged $ 58.50 (£39.31) a barrel.

• In the opening fortnight of April, the expense of a barrel was just $ 55.70.

Rise and fall

So why are fuel costs going up although oil rates are falling on the international bourses?

Does it prove that retailers are cashing in on each petrol and diesel drivers?

Right after all, the cost of filling up a 55-litre petrol tank has shot up by 75p in the final month. And since February, petrol costs have risen 7p a litre – pumping up the expense of filling up by £3.50 a time.

Crude statistics

But it’s not that simple. Even though the oil value has fallen when priced in dollars, the value of sterling has itself fallen against the dollar.

That means oil fees more for UK processors and retailers.

The change in exchange rates has meant that, whilst £1 purchased you $ 1.511 in mid March, it got you just $ 1.481 in mid April.

In, er, crude terms, that signifies a $ 2.80-a-barrel fall in the oil price translates into a 1p-a-litre boost at wholesale level, which inevitably feeds by way of to the pumps.

Pump action

So it seems no-1 is faring specifically properly at the pumps at the moment (though costs beneath £1.20 are still around 10% much less than this time final year).

But even the Petrol Retailers Association confirms that diesel drivers are becoming employed to subsidise their more several petrol-purchasing counterparts.

A spokesman mentioned: “Currently, the margin offered on petrol is extremely low – and so larger margins might be taken on diesel.”

Cutting remarks

The RAC, which has accused fuel retailers of taking diesel drivers for a ride, is calling for diesel costs to be reduce by 4p a litre.

Simon Williams at the RAC stated: “Retailers have maintained a higher margin on diesel, perhaps to subsidise petrol sales.”

But rather than calling for price cuts, the AA wants the politicians jostling for our votes to make both petrol and diesel pricing far more transparent for the UK’s 35 million drivers.

“Motorists prop up the Treasury to the tune of 10% of the UK’s total £582.6 billion tax-take,” said Edmund King. “But the need for fair pricing on UK forecourts has so far been largely ignored by politicians. A commitment to pump price transparency would be a great start off.”

Why are diesel drivers subsidising petrol purchasers?

Why are diesel drivers subsidising petrol purchasers?

Do you drive a diesel vehicle or van? Well, watch out – you are possibly paying more than the odds for your fuel.

Garages and forecourts have been accused of hiking the value of diesel by up to 6p a litre to make up for poor margins on petrol sales.

And that implies they are adding much more than £3 to the expense of filling up a diesel auto, or £4.80 for a van.

Cheques and balances

Edmund King, AA president, said: “Cars are like blank cheques for whoever feels the require to balance the books by plundering drivers’ pockets.

“And now the fuel retailers are taking £3-a-tank additional on diesel to steady their finances.”

Oiling the wheels

Petrol costs are also on the up, with the typical price of a litre increasing from 111.92p in mid March to 113.29p in mid April.

And all this whilst wholesale oil costs continue to fall!

• In the 1st 2 weeks of March, oil averaged $ 58.50 (£39.31) a barrel.

• In the opening fortnight of April, the price of a barrel was just $ 55.70.

Rise and fall

So why are fuel prices going up although oil costs are falling on the international bourses?

Does it prove that retailers are cashing in on both petrol and diesel drivers?

After all, the price of filling up a 55-litre petrol tank has shot up by 75p in the final month. And given that February, petrol costs have risen 7p a litre – pumping up the cost of filling up by £3.50 a time.

Crude statistics

But it’s not that simple. Even though the oil cost has fallen when priced in dollars, the value of sterling has itself fallen against the dollar.

That signifies oil costs much more for UK processors and retailers.

The adjust in exchange rates has meant that, while £1 purchased you $ 1.511 in mid March, it got you just $ 1.481 in mid April.

In, er, crude terms, that implies a $ 2.80-a-barrel fall in the oil price translates into a 1p-a-litre enhance at wholesale level, which inevitably feeds by way of to the pumps.

Pump action

So it appears no-one is faring specifically effectively at the pumps at the moment (despite the fact that costs below £1.20 are still around 10% significantly less than this time last year).

But even the Petrol Retailers Association confirms that diesel drivers are being employed to subsidise their much more numerous petrol-purchasing counterparts.

A spokesman said: “Currently, the margin obtainable on petrol is extremely low – and so higher margins might be taken on diesel.”

Cutting remarks

The RAC, which has accused fuel retailers of taking diesel drivers for a ride, is calling for diesel costs to be cut by 4p a litre.

Simon Williams at the RAC stated: “Retailers have maintained a greater margin on diesel, maybe to subsidise petrol sales.”

But rather than calling for price tag cuts, the AA desires the politicians jostling for our votes to make both petrol and diesel pricing much more transparent for the UK’s 35 million drivers.

“Motorists prop up the Treasury to the tune of 10% of the UK’s total £582.6 billion tax-take,” stated Edmund King. “But the want for fair pricing on UK forecourts has so far been largely ignored by politicians. A commitment to pump price tag transparency would be a excellent start off.”

Why are diesel drivers subsidising petrol purchasers?

Why are diesel drivers subsidising petrol purchasers?

Do you drive a diesel automobile or van? Properly, watch out – you’re possibly paying over the odds for your fuel.

Garages and forecourts have been accused of hiking the value of diesel by up to 6p a litre to make up for poor margins on petrol sales.

And that means they are adding much more than £3 to the expense of filling up a diesel automobile, or £4.80 for a van.

Cheques and balances

Edmund King, AA president, stated: “Cars are like blank cheques for whoever feels the need to have to balance the books by plundering drivers’ pockets.

“And now the fuel retailers are taking £3-a-tank further on diesel to steady their finances.”

Oiling the wheels

Petrol costs are also on the up, with the standard expense of a litre rising from 111.92p in mid March to 113.29p in mid April.

And all this even though wholesale oil costs continue to fall!

• In the first 2 weeks of March, oil averaged $ 58.50 (£39.31) a barrel.

• In the opening fortnight of April, the cost of a barrel was just $ 55.70.

Rise and fall

So why are fuel rates going up even though oil prices are falling on the international bourses?

Does it prove that retailers are cashing in on both petrol and diesel drivers?

Right after all, the expense of filling up a 55-litre petrol tank has shot up by 75p in the last month. And given that February, petrol prices have risen 7p a litre – pumping up the cost of filling up by £3.50 a time.

Crude statistics

But it’s not that simple. Even although the oil price tag has fallen when priced in dollars, the value of sterling has itself fallen against the dollar.

That indicates oil costs a lot more for UK processors and retailers.

The adjust in exchange rates has meant that, whilst £1 purchased you $ 1.511 in mid March, it got you just $ 1.481 in mid April.

In, er, crude terms, that indicates a $ 2.80-a-barrel fall in the oil price translates into a 1p-a-litre increase at wholesale level, which inevitably feeds through to the pumps.

Pump action

So it seems no-one is faring especially nicely at the pumps at the moment (although rates under £1.20 are still around 10% significantly less than this time last year).

But even the Petrol Retailers Association confirms that diesel drivers are getting used to subsidise their far more several petrol-getting counterparts.

A spokesman stated: “Currently, the margin obtainable on petrol is very low – and so greater margins may possibly be taken on diesel.”

Cutting remarks

The RAC, which has accused fuel retailers of taking diesel drivers for a ride, is calling for diesel rates to be reduce by 4p a litre.

Simon Williams at the RAC mentioned: “Retailers have maintained a larger margin on diesel, possibly to subsidise petrol sales.”

But rather than calling for value cuts, the AA wants the politicians jostling for our votes to make each petrol and diesel pricing a lot more transparent for the UK’s 35 million drivers.

“Motorists prop up the Treasury to the tune of 10% of the UK’s total £582.6 billion tax-take,” said Edmund King. “But the want for fair pricing on UK forecourts has so far been largely ignored by politicians. A commitment to pump value transparency would be a good start off.”

Why are diesel drivers subsidising petrol purchasers?

Why are diesel drivers subsidising petrol purchasers?

Do you drive a diesel auto or van? Effectively, watch out – you are probably paying over the odds for your fuel.

Garages and forecourts have been accused of hiking the price tag of diesel by up to 6p a litre to make up for poor margins on petrol sales.

And that indicates they are adding more than £3 to the price of filling up a diesel car, or £4.80 for a van.

Cheques and balances

Edmund King, AA president, said: “Cars are like blank cheques for whoever feels the require to balance the books by plundering drivers’ pockets.

“And now the fuel retailers are taking £3-a-tank additional on diesel to steady their finances.”

Oiling the wheels

Petrol costs are also on the up, with the standard expense of a litre increasing from 111.92p in mid March to 113.29p in mid April.

And all this even though wholesale oil prices continue to fall!

• In the initial 2 weeks of March, oil averaged $ 58.50 (£39.31) a barrel.

• In the opening fortnight of April, the expense of a barrel was just $ 55.70.

Rise and fall

So why are fuel rates going up whilst oil rates are falling on the international bourses?

Does it prove that retailers are cashing in on each petrol and diesel drivers?

Following all, the expense of filling up a 55-litre petrol tank has shot up by 75p in the final month. And since February, petrol prices have risen 7p a litre – pumping up the cost of filling up by £3.50 a time.

Crude statistics

But it’s not that straightforward. Even although the oil cost has fallen when priced in dollars, the value of sterling has itself fallen against the dollar.

That indicates oil charges far more for UK processors and retailers.

The adjust in exchange prices has meant that, while £1 bought you $ 1.511 in mid March, it got you just $ 1.481 in mid April.

In, er, crude terms, that signifies a $ 2.80-a-barrel fall in the oil price translates into a 1p-a-litre boost at wholesale level, which inevitably feeds through to the pumps.

Pump action

So it seems no-one is faring particularly well at the pumps at the moment (despite the fact that costs beneath £1.20 are still about 10% less than this time last year).

But even the Petrol Retailers Association confirms that diesel drivers are becoming utilized to subsidise their more numerous petrol-acquiring counterparts.

A spokesman stated: “Currently, the margin offered on petrol is extremely low – and so higher margins may possibly be taken on diesel.”

Cutting remarks

The RAC, which has accused fuel retailers of taking diesel drivers for a ride, is calling for diesel prices to be cut by 4p a litre.

Simon Williams at the RAC said: “Retailers have maintained a greater margin on diesel, probably to subsidise petrol sales.”

But rather than calling for price cuts, the AA wants the politicians jostling for our votes to make each petrol and diesel pricing a lot more transparent for the UK’s 35 million drivers.

“Motorists prop up the Treasury to the tune of 10% of the UK’s total £582.6 billion tax-take,” said Edmund King. “But the need to have for fair pricing on UK forecourts has so far been largely ignored by politicians. A commitment to pump price tag transparency would be a great start off.”

Why are diesel drivers subsidising petrol purchasers?

Why are diesel drivers subsidising petrol purchasers?

Do you drive a diesel car or van? Effectively, watch out – you’re most likely paying over the odds for your fuel.

Garages and forecourts have been accused of hiking the price tag of diesel by up to 6p a litre to make up for poor margins on petrol sales.

And that means they are adding far more than £3 to the expense of filling up a diesel car, or £4.80 for a van.

Cheques and balances

Edmund King, AA president, stated: “Cars are like blank cheques for whoever feels the need to balance the books by plundering drivers’ pockets.

“And now the fuel retailers are taking £3-a-tank extra on diesel to steady their finances.”

Oiling the wheels

Petrol prices are also on the up, with the standard price of a litre increasing from 111.92p in mid March to 113.29p in mid April.

And all this although wholesale oil rates continue to fall!

• In the 1st 2 weeks of March, oil averaged $ 58.50 (£39.31) a barrel.

• In the opening fortnight of April, the expense of a barrel was just $ 55.70.

Rise and fall

So why are fuel prices going up while oil rates are falling on the international bourses?

Does it prove that retailers are cashing in on each petrol and diesel drivers?

Right after all, the price of filling up a 55-litre petrol tank has shot up by 75p in the last month. And since February, petrol costs have risen 7p a litre – pumping up the cost of filling up by £3.50 a time.

Crude statistics

But it is not that straightforward. Even though the oil price has fallen when priced in dollars, the worth of sterling has itself fallen against the dollar.

That means oil expenses more for UK processors and retailers.

The change in exchange prices has meant that, although £1 purchased you $ 1.511 in mid March, it got you just $ 1.481 in mid April.

In, er, crude terms, that means a $ 2.80-a-barrel fall in the oil value translates into a 1p-a-litre improve at wholesale level, which inevitably feeds by way of to the pumps.

Pump action

So it seems no-a single is faring particularly nicely at the pumps at the moment (although costs below £1.20 are nonetheless around 10% less than this time final year).

But even the Petrol Retailers Association confirms that diesel drivers are being utilised to subsidise their more quite a few petrol-getting counterparts.

A spokesman stated: “Currently, the margin obtainable on petrol is extremely low – and so larger margins may be taken on diesel.”

Cutting remarks

The RAC, which has accused fuel retailers of taking diesel drivers for a ride, is calling for diesel prices to be cut by 4p a litre.

Simon Williams at the RAC mentioned: “Retailers have maintained a higher margin on diesel, maybe to subsidise petrol sales.”

But rather than calling for cost cuts, the AA wants the politicians jostling for our votes to make both petrol and diesel pricing more transparent for the UK’s 35 million drivers.

“Motorists prop up the Treasury to the tune of 10% of the UK’s total £582.6 billion tax-take,” said Edmund King. “But the need for fair pricing on UK forecourts has so far been largely ignored by politicians. A commitment to pump price tag transparency would be a great begin.”

Why are diesel drivers subsidising petrol purchasers?