Gasoline prices hit record high 170p a litre and diesel at 181p, data shows | Business Newsletter
Average gas prices have hit a new record high of 170.4pa litres, new figures show.
Average price for diesel oil was 181.4pa liters on Tuesday, according to data firm Experian Catalist.
A year ago, today, petrol was 129.0pa litres, with diesel it was 131.3pa litres.
RAC fuel department spokesman Simon Williams called it “another unfortunate turn of events”.
“While wholesale prices may have peaked last week, they are still worryingly high, which means there is no respite as record high pump prices are contributing unrelentingly,” he said. cost of living crisis”.
“We urgently need more government action to ease the burden on motorists, which we hope to put out in an announcement expected this week.
“VAT tax at 20% on fuel is currently benefiting the Treasury at around 30p a litre, which seems very unfair when you consider it as a tax on fuel tax – although was cut to 53p a liter at the end of March – calculated at wholesale rates.”
AA fuel prices spokesman Luke Bosdet said “there is still a sizable difference in pump prices between fuel stations in most regions”, saying it was “particularly galloping” when A supermarket of the same brand that charges a “significantly higher” fee at one location than another in the same region.
The government cut fuel tax by 5 percent a liter on March 23, but retailers have been accused of raising profit margins since the policy was introduced.
