Petrol-diesel gap now at record 20p

Experts say the wholesale price for diesel has skyrocketed after OPEC’s decision to cut oil production

Big Zero Report 2022

The gap between the average price of petrol and diesel has surpassed 20p a litre.

The RAC data shows that as of Wednesday, 12th October, drivers were paying an average of 163.13p for unleaded while diesel had climbed to nearly 184p, a difference of 20.35p a litre.

RAC fuel spokesperson Simon Williams said: “Since OPEC and its allies agreed to reduce oil supply substantially, we’ve seen the price of wholesale diesel go up by 9p a litre and petrol by 4p a litre.

“This has led to the average price of diesel going up by almost 4p a litre and petrol by nearly a penny. Sadly for diesel drivers, the situation seems certain to get worse with prices heading back to 190p a litre which will add £3 to the cost of a tank (£104.5).”

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