UK petrol prices rise at a sharper rate than inflation
February petrol prices rose more sharply than the current inflation rate in Britain, The Automobile Association has announced this week. A rise of nearly 5% has been confirmed, in comparison to the current UK inflation rate of 3%.
Diesel prices are rising more moderately, with the petrol-diesel price difference dropping to 10 pence. This has improved the return for the cost of a litre of diesel in the UK, making it even more fuel efficient.
Unleaded prices have risen by 4.3ppl (pence per litre) from 86.6ppl to 90.9ppl. Diesel prices have risen by 2.1ppl, from 98.7ppl to 100.8ppl. The price difference between unleaded and diesel has fallen from 12.1ppl to 9.9ppl.
The West Midlands unleaded price records were the exact average for the UK, at 90.9ppl. The county recorded a lower than average price for diesel, at 100.6ppl, with the country wide average being 100.8ppl.
There has also been a rise of prices overseas, with the UK having the tenth highest unleaded price and the second highest diesel price in Europe.
Let us know what you think of petrol prices in your area, leave your comments below.
(fuel price data is supplied by Experian Catalist in cooperation with Arval UK Ltd)
(photo courtesy of Ruddington Photos)
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Georgie Campbell says:
The petrol prices continue to grow – but isnt the pice of oil decreasing??
The price of petrol can differ as much as 8p in a 5 mile radius.. how can they justify that?
To combat the environmental climates we need to promote public transport services, but again bus and train prices change monthly! So how can we be expected to reduce our carbon footprint?
Feb. 23 at 3:28 pmJoseph Chapman says:
Thats right georgie. According to the January report that the AA put up, which can be found in the link provided in the website, the price for oil was over $50, but now its gone down to aroun $43.
Its a good point about the variation depending on areas, it would be worth looking into how they can get away with such differing prices.
I have recently had to spend double my normal train fair to get to london, so that is not really encouraging us to avoid using our cars is it?
Feb. 23 at 4:08 pmGordon Philip says:
Interesting article Joe. This has made me glad I don’t own a car. I can’t imagine how I’d afford to have a car at uni in the current financial crisis. Think I’ll be fine with my West Midlands bus pass for the forseeable future.
Feb. 23 at 4:32 pmJoseph Chapman says:
Me too Phil, although The Midlands Bus service could be definitely improved, I’ve noticed that the number of available buses is considerably lower than what is stated at the bus shelters.
Feb. 23 at 7:01 pmPaul Bradshaw says:
Great piece – you clearly know where to find the leads. But follow it up – what do the retailers say? How about some expert bloggers from the energy industry? Or forums?
Feb. 24 at 10:27 amFuel prices rising faster than last spring’s surge : Birmingham Recycled says:
[...] in contrast to february’s report, The West Midland’s average cost of petrol is higher than the country average, albeit only by [...]
May. 8 at 4:40 pm