Petrol and diesel prices remain at three-year low as Reeves freezes tax
1 month, 2 weeks ago

Petrol and diesel prices remain at three-year low as Reeves freezes tax

Daily Mail  

Fuel prices remain at a three-year low, according to the latest data from the RAC. The average price of petrol at the pump is now 135.2p after the Chancellor confirmed in the Budget that fuel duty would remain frozen for another 12 months. The average price of petrol at the pump is now 135.2p after the Chancellor confirmed in the Budget that fuel duty would remain frozen for another 12 months At 135.2p a litre petrol is currently a third of a pence on September, the RAC Fuel Watch shows, meaning the cost of filling up a 55-litre family car is £74.40. Simon Williams, RAC head of policy, said: 'With prices still at least 5p a litre cheaper in Northern Ireland than the UK average, it was also positive to see at the Budget that the Government aims to allow the Competition and Markets Authority to use its statutory powers to monitor competition in the road fuels retail market in just two months' time. During last week's Budget the Chancellor said hiking fuel duty 'while the cost of living remains high, and with a backdrop of global uncertainty' would have been the 'wrong choice for working people'.

Budget Fuel Prices Price Cost Average Petrol Fuel Duty Diesel Pump Rac Litre  remain  uk  budget  price  litre  prices  threeyear  fuel  pump  tax  diesel  average  freezes  reeves  petrol  low  cost

History of this topic

Petrol prices: Driving home for Christmas set to be cheapest since pandemic
2 weeks, 5 days ago

Petrol prices: Driving home for Christmas set to be cheapest since pandemic

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Drivers are set to enjoy an early Christmas present this year with the cheapest festive fuel …

Petrol drivers hit with £100 road tax rise – but electric vehicles spared
1 month, 3 weeks ago

Petrol drivers hit with £100 road tax rise – but electric vehicles spared

The Telegraph  

In contrast, petrol, diesel and hybrid drivers face significant increases. Vehicles with emissions of between 51 and 75 grams per kilometre will also suffer a rate rise, from £30 to £130, and all those with even higher emissions will see their first-year rate double. It means fuel duty will remain at 57.95p per litre, where it has remained since March …

Petrol drops to a six-month low but warning of 'perma-high' prices remains with fuel duty hike looming
4 months, 1 week ago

Petrol drops to a six-month low but warning of 'perma-high' prices remains with fuel duty hike looming

Daily Mail  

UK petrol prices have fallen to their lowest level in six months, the AA has confirmed on Friday morning. Had the fuel duty cut not been implemented in March 2022, UK motorists would have endured average petrol prices at more than 150p a litre from 21 February to 8 August. This is Money reported that a trifactor of fuel duty …

Average petrol prices increase again as drivers feel pain at the pumps
8 months ago

Average petrol prices increase again as drivers feel pain at the pumps

The Independent  

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Petrol pumps cap inventory amid hopes of fuel price cut
9 months, 1 week ago

Petrol pumps cap inventory amid hopes of fuel price cut

Live Mint  

New Delhi: Retail fuel pumps across the country are operating with about three days of stock against the usual inventory of five days over the past month amid speculations of a cut in petrol and diesel prices ahead of general elections. Oil marketing companies need to determine retail fuel prices on a daily basis under the dynamic pricing mechanism based …

No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody's
1 year, 2 months ago

No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody's

The Hindu  

Petrol and diesel prices are unlikely to be increased despite firming raw material costs because of upcoming general elections next year, Moody's Investors Service said. "High crude oil prices will weaken the profitability of the three state-owned oil marketing companies in India — IOC, BPCL and HPCL," Moody's said in a report. "Still, the three companies' fiscal 2024 earnings will …

Drivers hit by one of the biggest monthly jumps in fuel prices in decades
1 year, 3 months ago

Drivers hit by one of the biggest monthly jumps in fuel prices in decades

The Telegraph  

Drivers had to stomach one of the largest monthly fuel price rises in more than two decades in August, new data shows. The increase for petrol was the fifth biggest monthly jump in 23 years, according to the RAC, while the rise in diesel was the sixth biggest monthly rise. Higher wholesale prices have rapidly filtered through to the pumps, …

Petrol prices to stay high as oil prices and weak Australian dollar flow through to the bowser
1 year, 4 months ago

Petrol prices to stay high as oil prices and weak Australian dollar flow through to the bowser

ABC  

Analysts say petrol prices will stay above $2 a litre for "the next few weeks" after reaching their highest level this year, as pressures from the global oil market flow through to petrol bowsers across the country. Key points: The average weekly petrol price sits at 197.5 cents a litre for capital cities and 194.6 cents a litre for regional …

Good news! Petrol, diesel prices to come down soon | Here is WHY
1 year, 6 months ago

Good news! Petrol, diesel prices to come down soon | Here is WHY

India TV News  

Petrol and diesel price cut: Consumers can get good news very soon regarding the petrol and diesel price cut. Depend on price of crude oil Oil companies' valuations appear reasonable but a sharp jump in crude prices during elections could pose risk to OMCs marketing earnings, the report said. However, OMCs marketing segment earnings could come under risk if Brent …

Diesel cost falls by a record 12p as prices plummet at Britain's pumps
1 year, 6 months ago

Diesel cost falls by a record 12p as prices plummet at Britain's pumps

Daily Mail  

Diesel prices fell by a record of nearly 12p per litre last month, figures show. The RAC said the average price of the fuel at UK forecourts dropped from 158.9p to 147.0p in May On May 15, the Competition and Markets Authority watchdog reported that indications show higher pump prices in 2022 'appear in part to reflect some weakening of …

Supermarkets have cut rip-off diesel prices by 7p-a-litre since watchdog report
1 year, 6 months ago

Supermarkets have cut rip-off diesel prices by 7p-a-litre since watchdog report

Daily Mail  

Supermarkets have cut the price of diesel by 7p-a-litre under a threat of legal action by the competitions watchdog. Since May 15, when the regulator noted a rise in profit margins, the average price of per litre of diesel at supermarkets has fallen by 7.44p – from 151.02p to 143.58p. Major retailers, including supermarkets, have cut their diesel prices by …

Diesel drops below £1.50-a-litre for the first time in 15 MONTHS
1 year, 6 months ago

Diesel drops below £1.50-a-litre for the first time in 15 MONTHS

Daily Mail  

The average diesel pump price has dropped below £1.50p-a-litre for the first time since 1 February 2022, meaning it is down 50p on the record highs drivers faced in July. Diesel drop: The price of the fuel has dipped below £1.50-a-litre for the first time since February 2022 and is now 50p less than the record high posted last summer …

Supermarkets hike diesel and petrol prices more than needed, CMA finds
1 year, 7 months ago

Supermarkets hike diesel and petrol prices more than needed, CMA finds

Daily Mail  

Fuel retailers, particularly supermarkets, have hiked diesel and petrol prices more than needed to boost profit margins, the competition watchdog has found. Fuel prices: The CMA will be grilling supermarkets 'to get to the bottom of what is going on' 'Evidence gathered by the CMA indicates that fuel margins have increased across the retail market, but in particular for supermarkets, …

I run Britain's cheapest petrol station and I'm charging far less than the UK average
1 year, 7 months ago

I run Britain's cheapest petrol station and I'm charging far less than the UK average

Daily Mail  

A garage owner is claiming the crown of 'King of the Pumps' because he believes he is selling the cheapest fuel available anywhere in Britain. Vijay Jaganathan is advertising both petrol and diesel at 129.9p per litre at his rural forecourt - compared to the UK average of 145p for petrol and 154p for diesel. Vijay Jaganathan is currently advertising …

How petrol and diesel prices have changed over the past decade
1 year, 7 months ago

How petrol and diesel prices have changed over the past decade

Daily Mail  

Petrol and diesel prices have fallen almost 50p a litre since they peaked last summer, but are still far higher than they were in 2021, new figures have shown. In its weekly report on road fuel prices, the Department of Energy Security and Net Zero reported that the average price of unleaded at the pump is now 145.71p per litre. …

Explained: Why cheap crude oil won't reduce your petrol, diesel expenses
1 year, 9 months ago

Explained: Why cheap crude oil won't reduce your petrol, diesel expenses

India Today  

Petrol and diesel prices, which have remained unchanged for over a year, have not dropped even after a sharp fall in global crude oil prices over the past few days. It may be noted that petrol and diesel prices have not been revised by OMCs in over a year, despite constantly high global crude oil prices. These three OMCs, which …

Why Petrol, Diesel Prices Won't Fall in India Despite Cheaper Crude Oil?
1 year, 9 months ago

Why Petrol, Diesel Prices Won't Fall in India Despite Cheaper Crude Oil?

News 18  

Even as crude oil prices have fallen significantly following the bank collapses in the US, including Silicon Valley Bank and Signature Bank, the prices of petrol and diesel are unlikely to come down in India. According to a CNBC-TV18 report quoting sources, prices of petrol and diesel in India are unlikely to be reduced anytime soon as oil marketing companies …

Petrol, Diesel Prices In India Unlikely To Be Cut Despite Cheaper Crude Oil: Report
1 year, 9 months ago

Petrol, Diesel Prices In India Unlikely To Be Cut Despite Cheaper Crude Oil: Report

News 18  

Prices of petrol and diesel in India are unlikely to be reduced anytime soon as oil marketing companies have to recover accumulated losses of Rs 18,000 crore due to high crude prices in earlier quarters, according to a CNBC-TV18 report quoting sources. Petrol prices in India have been stagnant since May 2022, when Finance Minister Nirmala Sitharaman reduced the prices …

Drivers in London and southern England missing out on lower petrol prices
1 year, 11 months ago

Drivers in London and southern England missing out on lower petrol prices

The Telegraph  

Drivers in London and southern England are missing out on lower pump prices as price wars in other parts of the country fail to materialise. The difference is even starker compared to individual parts of the UK, with drivers in Wales paying around 6p per litre less for diesel than those in London. The AA, which researched prices on Monday …

RAC urges supermarkets to cut fuel prices as cost of filling up hits Christmas record
2 years ago

RAC urges supermarkets to cut fuel prices as cost of filling up hits Christmas record

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The organisation also notes that the government’s 5p-per-litre cut …

Petrol, diesel prices today, 8 November 2022: Check rates in Delhi, Mumbai and other cities
2 years, 1 month ago

Petrol, diesel prices today, 8 November 2022: Check rates in Delhi, Mumbai and other cities

Firstpost  

In the international market, oil prices were fluctuating today, 8 November, as supply worries offset recession fears and China’s commitment to its zero-COVID policy. The last major country-wide fluctuation in the prices of fuel was reported in May, which came after the Centre cut excise duty on petrol by Rs 8 per litre and on diesel by Rs 6 per …

Oil cos still losing money on diesel: Minister Puri on talks of price cut
2 years, 1 month ago

Oil cos still losing money on diesel: Minister Puri on talks of price cut

Deccan Chronicle  

NEW DELHI: PSU oil companies are losing a net Rs 4 per litre on diesel while their margins have turned positive on petrol, Oil Minister Hardeep Singh Puri said on Wednesday on talks of a price reduction in the offing as international rates have softened. Puri said his ministry will seek assistance for the three fuel retailers - Indian Oil …

Petrol prices ‘to rise again’ after oil exports cut by 2m barrels a day
2 years, 2 months ago

Petrol prices ‘to rise again’ after oil exports cut by 2m barrels a day

The Independent  

Motorists could face another rise in fuel prices due to a cut in oil exports, the RAC has warned. Energy ministers meeting at the Vienna headquarters of the Organisation of the Petroleum Exporting Countries made the decision to cut oil production by two million barrels per day starting in November. “Despite three straight months of pump prices coming down, we …

Why are fuel prices at pumps not going down?
2 years, 3 months ago

Why are fuel prices at pumps not going down?

Business Standard  

For the first time since early February, international crude benchmark Brent went below $90 a barrel last week. Early this month, Minister for Petroleum and Natural Gas Hardeep Singh Puri had linked no revision of fuel prices to the losses that state-owned fuel retailers incurred in keeping the fuel prices unchanged when international oil prices surged to multi-year highs. At …

Petrol prices ‘on course to dip below 160p a litre’
2 years, 4 months ago

Petrol prices ‘on course to dip below 160p a litre’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Prices at the petrol pump …

US petrol prices below $4 a gallon for first time since March
2 years, 4 months ago

US petrol prices below $4 a gallon for first time since March

Al Jazeera  

Petrol prices in the United States have now fallen for eight straight weeks, according to the American Automobile Association. The average price of petrol in the United States dropped below $4 a gallon on Thursday, providing some much-needed relief to American drivers after prices soared to record highs earlier this year. At one point, global benchmark Brent crude oil, the …

Petrol prices hit new record high of 173p a litre as EU bans Russian oil imports
2 years, 6 months ago

Petrol prices hit new record high of 173p a litre as EU bans Russian oil imports

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty. Know Fuel Rates Today
2 years, 6 months ago

Petrol, Diesel Become Cheaper After Centre Slashes Excise Duty. Know Fuel Rates Today

News 18  

Petrol, Diesel Prices on Friday: Petrol, and diesel prices have remained unchanged on Friday, May 27. The cheapest petrol in Port Blair is Rs 84.10 and diesel is Rs 79.74 a litre. The rates of Petrol and, Diesel have seen a sharp reduction after last week finance minister Nirmala Sitharaman announced a cut in excise duty on petrol by 8 …

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels
2 years, 6 months ago

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels

Deccan Chronicle  

Vijayawada: Upping their ante against the Centre for causing a huge loss to them –“nearly Rs 2,000 crore” nation-wide due to the sudden reduction in prices of petrol and diesel, petroleum dealers have sought restoration of the ‘dynamic pricing’ mechanism. The dealers allege that the Centre stopped implementing the dynamic pricing system for fuels for over two months and is …

Petrol, Diesel Prices Unlikely To Cool In Near Term? Govt Not In Consensus To Cut Taxes
2 years, 8 months ago

Petrol, Diesel Prices Unlikely To Cool In Near Term? Govt Not In Consensus To Cut Taxes

News 18  

The government is not in full consensus to immediately cut taxes on petrol and diesel with a proposal by the oil ministry to cut duty on the fuels has not found favour with the finance ministry, according to an ET report. Diesel prices also maintained the status quo at Rs 96.67 a litre in Delhi and at Rs 104.77 per …

Petrol, Diesel Fresh Prices Announced Today; Know City-Wise Fuel Rates
2 years, 8 months ago

Petrol, Diesel Fresh Prices Announced Today; Know City-Wise Fuel Rates

News 18  

Petrol, Diesel Price Today: Petrol price remained unchanged for a week on Wednesday, April 13, while diesel price today also followed the cue. In Chennai also, one litre of petrol was retailing at the previous price of Rs 110.89 and diesel at Rs 100.94 per litre, according to a notification from state-owned oil marketing companies. In Bengaluru, the petrol price …

Petrol, diesel prices: Why govt, oil companies are finding it difficult to control spike
2 years, 8 months ago

Petrol, diesel prices: Why govt, oil companies are finding it difficult to control spike

India Today  

Prices of essential commodities, including edible oil and vegetables, have skyrocketed after petrol and diesel rates were increased by oil marketing companies on successive occasions. The Reserve Bank of India on Friday raised the retail inflation projection for the current financial year to 5.7 per cent on the back of rising global prices amidst ongoing geo-political tensions. In all, petrol …

Petrol, Diesel Fresh Prices Announced Today: How Much You Need to Pay
2 years, 8 months ago

Petrol, Diesel Fresh Prices Announced Today: How Much You Need to Pay

News 18  

Petrol, Diesel Prices: In what comes as a relief, petrol and diesel prices were stagnant on Thursday. Petrol in Delhi will now cost Rs 105.41 per litre as against Rs 104.61 previously, while diesel rates have gone up from Rs 95.87 per litre to Rs 96.67, according to a price notification of state fuel retailers. In Mumbai, petrol and diesel …

Petrol, diesel prices on fire: Take a look at fuel rates in US, other countries
2 years, 8 months ago

Petrol, diesel prices on fire: Take a look at fuel rates in US, other countries

India Today  

Petrol and diesel prices have increased by Rs 10 per litre in the past 16 days across India. INTERNATIONAL OIL PRICES Meanwhile, international crude prices have dropped far more steeply, from a peak of more than $139 per barrel in early March to about $107 a barrel on Tuesday, a fall of 23 per cent. FUEL PRICE IN US Gasoline …

Petrol prices: March worst month ever at the pumps
2 years, 8 months ago

Petrol prices: March worst month ever at the pumps

Daily Mail  

Motorists endured one of the 'worst months ever at the pumps' in March as fuel prices grew the largest amount on record, despite the Chancellor's efforts to cut the cost of petrol and diesel by lowering fuel duty. Analysis of Experian Catalist data found that the average cost of a litre of petrol rose by 11.6p from the beginning to …

Petrol, Diesel Prices Hiked for 13th Time in Two Weeks; Up by Rs 9.50; Know Fuel Rates
2 years, 8 months ago

Petrol, Diesel Prices Hiked for 13th Time in Two Weeks; Up by Rs 9.50; Know Fuel Rates

News 18  

The prices of petrol and diesel continued to rise on Tuesday. Since then, the petrol and diesel prices have soared by nearly Rs 9.50 per litre in just two weeks. The state-owned fuel retailers will need to raise price by Rs 10.6 to Rs 22.3 a litre for petrol, according to the recent report by Kotak Institutional Equities. For diesel, …

Petrol price hiked 50 paise, diesel up 55 paise
2 years, 8 months ago

Petrol price hiked 50 paise, diesel up 55 paise

The Hindu  

Petrol price on Sunday was hiked by 50 paise a litre and diesel by 55 paise, taking the total increase in rates since resumption of daily price revision less than a week back to ₹3.70-3.75 per litre. Petrol in Delhi will now cost ₹99.11 per litre as against ₹98.61 previously while diesel rates have gone up from ₹89.87 per litre …

IOC, BPCL, HPCL lost ₹19,000 cr in revenue due to fuel price freeze: Moody’s
2 years, 8 months ago

IOC, BPCL, HPCL lost ₹19,000 cr in revenue due to fuel price freeze: Moody’s

Live Mint  

Despite a massive rise in crude oil prices, India's top fuel retailers including IOC, BPCL and HPCL kept the prices unchanged, and it cost them $2.25 billion or ₹19,000 crore in revenues in March, latest report by Moody's Investors Service said. The oil marketing companies raised the fuel prices for the first time in 2022 on March 22 and March …

Petrol, diesel prices up 80 paise a litre for 2nd straight day
2 years, 9 months ago

Petrol, diesel prices up 80 paise a litre for 2nd straight day

Live Mint  

Petrol and diesel prices jumped by 80 paise per litre for the second day in a row on Wednesday. Lim, Analyst at S&P Global Commodity Insights, said: “In the near term, we expect India’s oil demand to remain robust in the first half of March, but it is likely to ease in the second half as retail prices are hiked, …

Oil price hike may be delayed as crude plunges below $100
2 years, 9 months ago

Oil price hike may be delayed as crude plunges below $100

Hindustan Times  

The price of petrol and diesel may not rise as much as feared because the price of crude oil has declined by about 30% after hitting an intraday peak of $139 per barrel for Brent Crude on March 7. “Certainly, there is some relief now due to softening of international oil prices.” Pump prices in India are pegged to the …

History repeating as unpopular Prime Minister contends with pre-election petrol price rises
2 years, 9 months ago

History repeating as unpopular Prime Minister contends with pre-election petrol price rises

ABC  

Petrol prices have a wonderful ability to annoy people even when they are not buying fuel. Russia's invasion of Ukraine in many ways has poured fuel onto an already burning fire of petrol prices. With petrol prices skyrocketing, rumblings of a by-election in the Melbourne electorate of Aston and a Prime Minister struggling in the polls ahead of an election, …

Petrol soars above £2 a litre in UK as Ukraine war drives up prices
2 years, 9 months ago

Petrol soars above £2 a litre in UK as Ukraine war drives up prices

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Petrol prices have reached record highs of over £2 per …

Petrol, Diesel prices hike: Big decision likely after 'a couple of more days'
2 years, 9 months ago

Petrol, Diesel prices hike: Big decision likely after 'a couple of more days'

India Today  

Petrol and diesel prices, which were expected to be hiked after the culmination of the multi-phase polling in Uttar Pradesh, remained stable on Tuesday. INTERNATIONAL OIL PRICE Fuel prices have been on a freeze for the past four months as five states, including politically significant Uttar Pradesh, went to the polls. International oil prices started rising again this year and …

Petrol hits all-time high of 151p per litre while diesel soars to record 155p amid Ukraine crisis
2 years, 9 months ago

Petrol hits all-time high of 151p per litre while diesel soars to record 155p amid Ukraine crisis

Daily Mail  

Petrol prices have skyrocketed to their all-time highest level as Russia's brutal war in Ukraine continues to hit Britons in the pocket. Crude oil barrels last week soared to over $100 per barrel for the first time since Russia's last foreign excursion into Crimea in 2014. Pictured: Ashford in Kent today Russia's invasion of Ukraine is continuing to cause price …

Russian invasion of Ukraine threatens to push petrol prices to £1.60 a litre
2 years, 9 months ago

Russian invasion of Ukraine threatens to push petrol prices to £1.60 a litre

The Telegraph  

Petrol prices could soar to £1.60 a litre after Russia’s invasion of Ukraine, the RAC has warned, with food and energy bills also poised for new record highs. Economists said that the headline rate of inflation in Britain would now hit 8.2 per cent in April, up from a previous estimate of 6.7 per cent and more than four times …

Oil nears $100: Petrol, diesel price hike coming after elections
2 years, 10 months ago

Oil nears $100: Petrol, diesel price hike coming after elections

The Hindu  

International oil prices surged close to $100 a barrel on Tuesday after Russian President Vladimir Putin sent troops into Ukraine, but petrol and diesel prices in India continue to be on freeze and are expected to rise once assembly elections in states like Uttar Pradesh end. Retail pump rates are aligned to a price of $82-83 per barrel and they …

Petrol, Diesel prices today: Fuel prices static despite sharp fall in global oil rates
3 years ago

Petrol, Diesel prices today: Fuel prices static despite sharp fall in global oil rates

India Today  

The state-run oil marketing companies have not increased the prices of petrol and diesel on Sunday, November 28, 2021, amid a sharp decline in crude oil prices in the international market. The central government had slashed the excise duty on petrol and diesel by Rs 5 and Rs 10, respectively, to bring down retail rates from record highs. In Punjab, …

Petrol, diesel prices unchanged despite falling global oil rates
3 years, 4 months ago

Petrol, diesel prices unchanged despite falling global oil rates

India Today  

Fuel prices were unchanged on Tuesday as global crude oil rates increased marginally. This is not a good development for India as domestic fuel prices won’t come down if global crude oil prices remain at current levels. Explained | How record fuel prices are making life difficult for Indians In Delhi, a litre of petrol is retailing at Rs 101.84 …

Sigh of relief? Oil companies may cut retail price of petrol, diesel over next few days
3 years, 5 months ago

Sigh of relief? Oil companies may cut retail price of petrol, diesel over next few days

India TV News  

Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday to analyse the global oil price movement before making further revisions. Fuel prices were revised upwards on previous two days taking the retail price of petrol over the century mark all across the country. Similarly, diesel price in the capital also rose by Rs 8.89 per …

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