A litre of diesel rose by more than 10p during October 2022 – meaning it once again costs more than £100 to fill a tank of diesel.
The average litre of diesel now costs 190.5p, up from 180.3p at the start of the month.
It means the price of a tankful of diesel rose by more than £5 in a single month.
Petrol prices rose too, according to RAC Fuel Watch data, but ‘only’ by 4p a litre; the average litre of unleaded costs £166.3p.
The gap between forecourt prices of diesel and petrol reached an all-time high of 24p a litre during October.
Severe shock
“After three months of falling fuel prices, October was a severe shock to the system,” said RAC fuel spokesman Simon Williams.
“Oil producer group OPEC+’s decision to cut supply by two million barrels a day has cost drivers dear.
“The fear now, particularly for diesel drivers, is whether the average price of a litre is heading back to the record 199.09p, which made a full tank cost more than £109.”
The RAC, however, is hoping that prices should now stabilise – and petrol prices may actually start to fall again.
Williams also urged motorists to always seek out the cheapest fuel in their area… and not assume supermarkets are always the cheapest: “The big four are currently only a penny cheaper for petrol than the UK average.”
He advised motorists might consider checking out Costco, where petrol and diesel are currently 12p and 14p a litre lower than the UK averages.
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