Fleet News

Diesel and petrol increase after months of falling fuel prices

Row of fuel pumps

The record fall in fuel prices seen during the coronavirus pandemic ended in June, with diesel up almost 3p per litre in the month.

A litre of unleaded increasing by nearly 4p from 107.11p to 110.85p (3.74p), new RAC Fuel Watch data reveals.

Diesel rose from 112.07p to 114.96p as the price of oil strengthened by more than $6 from $35.48 to $41.87.

The forecourt rises mean a 55-litre tank of petrol has gone up by £2 to £60.97 (from £58.91 at the start of June) and the diesel equivalent by £1.59 to £63.23 (£61.64 at the start of June).

RAC fuel spokesman Simon Williams said: “The pump price rises witnessed in June will have been a nasty shock to the system for drivers.

“While those who continued to drive regularly throughout the pandemic will have benefitted from some very low prices, millions won’t have so will be disappointed that just as they start to drive more again prices are on the up.

“It is, of course, the lack of demand for fuel which caused prices to drop in the first place so sadly it’s no great surprise that they’re on the rise again now.”

The global coronavirus travel restrictions led to oil crashing to $13.21 a barrel in late April which in turn caused the price of a litre of petrol to come down to an average low of 106.48p and diesel to 111.8p on 19 May. This was brought about by Asda, Tesco, Sainsbury’s and Morrisons all selling petrol for an average of £1 a litre from mid-May to the end of the month.

Diesel's average low at the supermarkets was 105.5p over the same period.

In June, it is the big four supermarkets that appear to have driven the price rises, with the most marked increases being seen at Morrisons, says the RAC.

It went from having the cheapest petrol and diesel at the start of June to the most expensive of the major supermarkets, putting up both fuels by 7p a litre with unleaded going from 99.7p to 106.7p and diesel from 104.7p to 111.49p. Asda also increased its petrol price steeply by adding 6.5p, pushing up a litre from 99.91p to 106.42p. This meant by the end of June Sainsbury’s had both the cheapest supermarket petrol and diesel at 104.42p and 109.01p respectively.

Williams concluded: “Drivers should take quite a lot of comfort from the fact that both petrol and diesel are a whopping 17p a litre cheaper than they were at the end of January. That means a tank of fuel is on average £9 less than it was then.”

Regional fuel price variation

Regional average unleaded pump prices

Unleaded

01/06/2020

30/06/2020

Change

UK average

107.11

110.85

3.74

Scotland

105.92

110.55

4.63

Wales

105.17

109.58

4.41

Northern Ireland

103.65

108.00

4.35

North East

105.73

109.84

4.11

Yorkshire And The Humber

106.44

110.35

3.91

South West

106.99

110.67

3.68

North West

106.78

110.45

3.67

West Midlands

107.23

110.83

3.60

South East

108.19

111.75

3.56

East

107.57

111.08

3.51

East Midlands

107.50

110.96

3.46

London

108.74

112.09

3.35

Regional average diesel pump prices 

Diesel

01/06/2020

30/06/2020

Change

UK average

112.07

114.96

2.89

Scotland

111.31

114.64

3.33

Wales

110.68

113.91

3.23

North East

110.95

113.90

2.95

Northern Ireland

108.93

111.84

2.91

South West

112.09

114.98

2.89

Yorkshire And The Humber

111.71

114.59

2.88

North West

111.56

114.44

2.88

East

112.60

115.46

2.86

East Midlands

112.14

114.95

2.81

South East

113.35

116.12

2.77

West Midlands

112.32

115.09

2.77

London

113.60

116.17

2.57

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