Duty cut fuels a new high for diesel prices
DIESEL prices have hit a new high as the RAC claims retailers have increased their profits following the fuel duty cut introduced in March.
The average price of a litre of diesel at UK forecourts was 179.7p on Monday, up from 178.4p a week earlier, figures from Figures from the Department for Business, Energy and Industrial Strategy show.
The average price of petrol on Monday was 165.1p per litre, narrowly below the record of 165.4p set on March 21, based on the government’s figures.
Separate fuel price statistics by data firm Experian Catalist, using a different methodology, show average prices on Monday were 180.3p per litre for diesel and 166.8p per litre for petrol. Chancellor Rishi
Sunak introduced a 5p per litre cut in fuel duty on March 23 to help motorists struggling with the cost of living squeeze.
But now the RAC has said retailers are taking an average profit of 2p per litre more than before the policy was implemented. The firm’s analysis showed the average margin for a litre of petrol and diesel is currently 11p and 8p respectively. In the month up to the duty cut it was 9p for petrol and 6p for diesel.
The M.E.N. has compiled a list of 10 places supplying some of the cheapest petrol and diesel fuel in Greater Manchester using data from PetrolPrices.com.
The prices were correct at the time of writing yesterday but could change quickly.
Cheapest unleaded petrol in and around Manchester: 1. Costco Oldham, 154.7p; 2. Costco Manchester,
156.7p; 3. Asda Harpurhey, 159.7p;
4. Asda Ashton-under-Lyne, 159.7p;
5. Alkrington service station, 159.8p; 6. Sainsburys Bolton, 159.9p; 7. Morrisons Openshaw, 160.7p; 8. Morrisons Eccles, 160.7p;
9. Morrisons Failsworth, 160.7p; 10. Morrisons Oldham, 160.7p
Cheapest diesel prices in and around Manchester: 1. Costco
Manchester, 171.7p; 2. Costco Oldham, 171.7p; 3. Asda Harpurhey,173.7p; 4. Asda Ashtonunder-Lyne, 173.7p; 5. Asda Chadderton, 173.7p; 6. Alkrington service station, 173.8p; 7. Sainsburys Denton, 173.9p; 8. Morrisons Denton, 173.9p; 9. Shell Bury (Gem Tottington), 173.9p; 10. Sainsburys Bolton, 173.9p