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 are on course to dip below 160p a litre thanks to plummeting wholesale rates, just weeks after hitting a record high, according to the AA. Since their peak two months ago, wholesale prices had fallen 10p a litre by the start of July, 20p by the middle of July, and 30p from August 4. “Lower pump prices are taking the strain off family budgets at present and that benefit should eventually double to at least 30p a litre off the peak price of petrol in July,” AA spokesman Luke Bosdet said.

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History of this topic

Petrol prices: Driving home for Christmas set to be cheapest since pandemic
2 weeks, 6 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 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 …

'Slash petrol prices NOW': RAC issues warning to retailers to play fair with motorists
3 months, 3 weeks ago

'Slash petrol prices NOW': RAC issues warning to retailers to play fair with motorists

Daily Mail  

Drivers should be paying around 6p less for a litre of petrol, shaving the cost of filling up by more than £3, according to the RAC. If retailers played fair with drivers by passing on this wholesale saving and reduced their margins to 10p, the average prices of petrol would be just under 136p per litre including VAT - a …

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 …

RACQ calls on Queensland government to cap fuel price hikes to five cents a day
6 months, 2 weeks ago

RACQ calls on Queensland government to cap fuel price hikes to five cents a day

ABC  

One quarter of petrol stations in greater Brisbane have hiked their prices by 50 cents per litre this week, prompting calls for the Queensland government to step in to restrict petrol price hikes. "Global oil prices have decreased, so charging $229.9 cents per litre for unleaded, with a retail margin of 56 cents per litre, is unacceptable and unjustified," he …

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  

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Almost a quarter of forecourts are already charging more than 150p a litre for petrol
8 months ago

Almost a quarter of forecourts are already charging more than 150p a litre for petrol

Daily Mail  

The AA's Fuel Price Report has revealed that almost a quarter of forecourts are already charging more than 150p a litre. The AA studied pump price data across 2910 supermarket and non-supermarket forecourts, only to discover that 693 forecourts were already pricing their petrol above 150p a litre this week. Analysis of Competition and Markets Authority pump price data at …

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 …

Wholesale inflation in US declined last month, signaling that price pressures are still easing
11 months, 1 week ago

Wholesale inflation in US declined last month, signaling that price pressures are still easing

Associated Press  

WASHINGTON — Wholesale inflation in the United States fell for a third straight month in December, further evidence that price pressures in the economy are easing. The Labor Department reported Friday that its producer price index — which tracks inflation before it reaches consumers — declined 0.1% from November to December after falling 0.1% in November and 0.4% in October. …

Wholesale prices almost flat in September
1 year, 2 months ago

Wholesale prices almost flat in September

The Hindu  

India’s wholesale prices stayed in deflationary mode for the sixth month in a row this September, albeit only fractionally with inflation at -0.26% compared to -0.52% in August. However, within food items, the price rise in onions accelerated to cross 55% in September from 31.4% in August, while inflation in pulses sped to 17.7% from 10.45% in the previous month. …

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 …

Government demands new petrol prices comparison website in profiteering crackdown
1 year, 5 months ago

Government demands new petrol prices comparison website in profiteering crackdown

The Telegraph  

Motorists are to be told where they can buy the cheapest petrol under Government plans to crackdown on service station profiteering. Ministers believe the transparency provided by a “pumpwatch” online service could also drive down prices - as well as expose any potential profiteering. Government sources acknowledged it will be tricky because the nature of the business means retailers buy …

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 …

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 …

Reopening of China's economy could pump up petrol prices
1 year, 11 months ago

Reopening of China's economy could pump up petrol prices

The Telegraph  

Drivers face higher prices at the pumps as the easing of China's coronavirus restrictions pushes up the price of oil. The rising price of oil could in turn result in higher prices for drivers at petrol forecourts, following a sustained fall since the summer. However, separate data from the RAC also shows the wholesale price of unleaded petrol has been …

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 …

Wholesale price rise eases to three-month low at 15.2% in June
2 years, 5 months ago

Wholesale price rise eases to three-month low at 15.2% in June

The Hindu  

Inflation in wholesale prices moderated marginally from the record 15.88% pace in May to 15.18% in June, as a minor paring in the price rise of manufactured products, fuel and power as well as primary articles was offset by a surge in food price inflation to 12.41% from 10.89% in May. June’s wholesale inflation rate is the lowest in three …

Petrol price surges to another new record high of 185.4p amid calls for urgent review
2 years, 6 months ago

Petrol price surges to another new record high of 185.4p amid calls for urgent review

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 yet another a new record high …

Petroleum dealers demand restoration of ‘dynamic pricing’ system for fuels
2 years, 7 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 …

Excise cuts make fuel cheaper
2 years, 7 months ago

Excise cuts make fuel cheaper

Deccan Chronicle  

New Delhi: Buckling under pressure, the government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battering under high fuel prices that have also pushed inflation to a record high. State-owned fuel retailers will pass on the excise duty cut to …

Inflation impact: The falling mileage of paying for soaring fuel costs
2 years, 7 months ago

Inflation impact: The falling mileage of paying for soaring fuel costs

The Hindu  

“When will the rising petrol prices stop.” This was the question asked by a 26-year-old, who works as a delivery boy with an online app in Madurai. While the common man, in many places, is being forced to depend on public transport or take share-autorickshaw rides, many autorickshaws plying in Coimbatore district have halved the number of trips in the …

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 …

Fuel prices hiked again, fifth time in six days
2 years, 8 months ago

Fuel prices hiked again, fifth time in six days

Firstpost  

Petrol price on was hiked by 50 paise a litre and diesel by 55 paise today New Delhi: 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 Rs 3.70-3.75 per litre. The increase in retail …

Petrol, diesel prices hiked by 80 paise a litre each, fourth increase in five days
2 years, 8 months ago

Petrol, diesel prices hiked by 80 paise a litre each, fourth increase in five days

India TV News  

Highlights Petrol in Delhi will now cost Rs 98.61 per litre as against Rs 97.81 previously Diesel rates have gone up from Rs 89.07 per litre to Rs 89.87 In four increases, petrol and diesel prices have gone up by Rs 3.20 a litre Petrol and diesel prices were hiked by 80 paise a litre each on Saturday, the fourth …

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, …

Fuel price relief imminent as 'discount' phase begins in parts of Queensland
2 years, 9 months ago

Fuel price relief imminent as 'discount' phase begins in parts of Queensland

ABC  

Finally some better news for motorists: petrol prices are dropping, according to the RACQ. Key points: The RACQ is projecting a "dramatic" drop in fuel prices next week Unleaded petrol peaked at more than $2.20 per litre earlier this month RACQ says China's coronavirus lockdown has stemmed demand for fuel The cost of fuelling-up has skyrocketed over the past month, …

Diesel price hiked Rs 25 per litre for bulk users | What this means for you
2 years, 9 months ago

Diesel price hiked Rs 25 per litre for bulk users | What this means for you

India Today  

Diesel price has been hiked by about Rs 25 per litre for bulk users after a staggering 40 per cent rise in international oil rates amid the ongoing Russia-Ukraine war. This came as petrol pump sales have jumped by a fifth this month after bulk users like bus fleet operators and malls queued up at petrol bunks to buy fuel …

Diesel price hiked Rs 25 per litre for bulk users, no change in retail
2 years, 9 months ago

Diesel price hiked Rs 25 per litre for bulk users, no change in retail

India TV News  

The price of diesel sold to bulk users has been hiked by about Rs 25 per litre in line with a near 40 per cent rise in international oil prices, but retail rates at petrol pumps remain unchanged, sources said. The wide difference of about Rs 25 per litre between the bulk user rate and petrol pump price has prompted …

Drop in wholesale fuel costs gives hope to drivers of pump price relief
2 years, 9 months ago

Drop in wholesale fuel costs gives hope to drivers of pump price relief

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 hits new record high of
2 years, 9 months ago

Petrol hits new record high of

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 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 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 …

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, …

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 …

Petrol prices soar to highest level in nearly two years
3 years, 6 months ago

Petrol prices soar to highest level in nearly two years

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 Motorists hitting the road to …

Petrol Price Inches Closer to Rs 100 in MP District, Dealers Say People Travelling to Maharashtra for Fuel
3 years, 10 months ago

Petrol Price Inches Closer to Rs 100 in MP District, Dealers Say People Travelling to Maharashtra for Fuel

News 18  

The soaring prices of petrol and diesel are squeezing the common man across the nation, but the people in Balaghat district of Madhya Pradesh are shelling the most from their pockets for fuel. On Monday, the Naxal-affected district recorded one of the highest prices of petrol anywhere in the country at Rs 95.66 per litre, while branded petrol sold at …

Petrol prices continue to scale higher, selling at record ₹84.70/litre in NCR
3 years, 11 months ago

Petrol prices continue to scale higher, selling at record ₹84.70/litre in NCR

Live Mint  

NEW DELHI: Domestic petrol prices have continued to scale higher, with oil marketing companies raising prices again on Thursday. Retail prices of petrol and diesel were raised by 25 paise per litre on Thursday. Petrol prices in Delhi in the new year so far have risen by 99 paise per litre, including today's increase. Higher fuel prices come in the …

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