August fuel price report
UK and overseas fuel prices
August 2010
Industry predictions of a 4p rise in pump prices failed to materialise after a fall in the price of oil and wholesale cost of petrol and diesel. With petrol costing 12p a litre more than this time last year, drivers have been cutting back and seeking out cheaper fuel stations. Since May, the petrol price gap between the North and South has widened from 0.9p a litre to 1.7ppl. Oil costs $75 a barrel.
Unleaded prices have fallen by 1.0ppl from 117.5ppl to 116.5ppl. Diesel prices have also fallen, by 0.7ppl, from 119.9ppl to 119.2ppl. The price difference between unleaded and diesel has risen to 2.7ppl.
London recorded the highest price for unleaded at 117.5ppl. Yorkshire and Humberside recorded the lowest price for unleaded at 115.4ppl. Northern Ireland recorded the highest diesel price at 120.0ppl. Yorkshire and Humberside have the cheapest diesel at 118.1ppl.
Supermarket prices for unleaded also fell over the month by 0.6ppl to 114.9ppl. The gap between supermarket prices and the UK average for unleaded has fallen to 1.6ppl.
The UK has the seventh highest unleaded price in Europe and the second highest diesel price.
(fuel price data is supplied by Experian Catalist in cooperation with Arval UK Ltd)
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20 August 2010