Diesel Prices To Undercut Petrol. 1st Time In 15 Years!

Diesel Prices To Undercut Petrol. 1st Time In 15 Years!

Drivers of BMW turbos and other vehicles might want to make the switch to diesel, since it’s now being suggested that the average cost of this type of fuel will be less than petrol for the first time in nearly two decades.

Figures from the RAC indicate that average diesel prices have now dropped to 118.98p per litre, while unleaded stands at 117.24p per litre. And since wholesale diesel prices have been lower than petrol since the end of May this year, there is a good chance that the average diesel price will soon dip below that of petrol.

But that’s not all – the organisation thinks that up to another 4p per litre could be cut from diesel prices in the next two weeks.

“RAC Fuel Watch records show diesel was last cheaper than petrol 15 years ago on 17 July 2001, so these price cuts are great news for the nation’s 10.7 million diesel car drivers. Fifteen years ago when this happened last diesel was cheaper than petrol for two and a half months, but with a new supply of diesel being produced from Saudi Arabia there is real chance that we may see the diesel price staying below petrol for some considerable time,” Simon Williams of the RAC said.

The RAC helped found the FairFuelUK campaign back in 2011, which calls for a fairer taxation system for drivers in the country. It aims to stop fuel duty rises, to bring petrol and diesel in the UK to European parity with regards to pricing and taxation and to prove that by controlling fuel duty economic growth will be stimulated.