Sunday, 23 January 2011

Petrol prices leap


VAT and fuel duty increases at the turn of the year have helped to push up monthly petrol prices by their biggest amount in recent times. The average price of diesel is within a penny of the record set in July 2008. The barrel price for oil is $96. And further increases in April are projected to add up to another 6.0 ppl.

Average Unleaded prices have risen by 6.2 ppl from 122.1 ppl to 128.3 ppl. Diesel prices have also risen, by 6.6 ppl, from 126.2 ppl to 132.8 ppl. The price difference between unleaded and diesel has risen to 4.5 ppl.

Northern Ireland recorded the highest price for unleaded at 142.9 ppl. Yorkshire and Humberside recorded the lowest price for unleaded at 122.9 3 ppl. Wales and Northern Ireland recorded the highest diesel price at 133.5 ppl. Yorkshire and Humberside have the cheapest diesel at 131.9 ppl. Supermarket prices for unleaded also rose over the month by 6.5 ppl to 126.7 ppl. The gap between supermarket prices and the UK average for unleaded has fallen 1.6 ppl.

The UK has the fifth highest unleaded price in Europe and the second highest diesel price.

APA will be lobbying Ministers on the massive rise in pump prices over the last 12 months and will be asking the Treasury to look again at the need for further increases in duty. Member's views are welcomed.

APA

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