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Wales Online
Wales Online
National
Neil Shaw

Average diesel price is now over 150p for first time ever

Average diesel prices have exceeded 150p per litre for the first time, figures show.

The AA said the average price climbed to 150.50p on Saturday before falling slightly to 150.09p on Sunday.

Until last month, the highest average price of diesel was 147.93p, recorded in April 2012.

AA fuel price spokesman Luke Bosdet said: “Diesel setting a record of £1.50 a litre isn’t just yet another milestone along a bleak road of pump price increases this year.

“As the workhorse fuel for deliveries and craftspeople who drive to customers, it will likely usher in even higher costs for goods and services.

“Many bigger businesses have insulated themselves against higher fuel costs with a system of surcharges on deliveries.

“If pump prices go up, their customers pay a percentage more for deliveries, and that gets passed on to the consumer.

“However, smaller businesses, particularly in rural areas, have little choice but to charge shoppers and clients directly. That strains customer relations and potentially puts jobs and contracts in jeopardy.”

Mr Bosdet said the increase in the cost of diesel is driven by a surge in oil prices, but other factors include a weaker pound and the rising cost of biofuel.

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