Weather
Diesel prices to drop below unleaded for first time in 8 years
9:07am Thursday 18th June 2009
DIESEL is on course to become cheaper than unleaded petrol for the first time in almost a decade, according to supermarket bosses.
Supermarket Asda is charging the same for the fuels at 80 UK forecourts and predicts unleaded will overtake diesel within weeks.
TELL US...
What are your views on the fuel prices?
On Tuesday the retail giant was charging between 99.9p and 100.9p a litre for both.
Energy consultant John Hall said diesel had already dipped below unleaded on wholesale markets.
The narrowing price gap is due to rising US demand for unleaded coinciding with a global production slump making unleaded more expensive.
In addition, recession-hit truckers and businesses are using less diesel, which is creating a surplus of supply.
It marks a huge change from last summer when diesel cost on average 13.5p a litre more than unleaded.
Diesel has not been cheaper than unleaded at UK pumps since June 2001, while the two fuels last cost the same two years ago.
Average UK pump prices yesterday stood at 102.66p a litre for unleaded and 104.85p for diesel.
More Cars stories
- Peugeot electric dream announced
- All new 9-5 unveiled
- Vauxhall Insignia gets the VXR treatment
- Baby Aston on the cards
- Citroen announce new C3
- Most efficient BMW 3-Series model ever
- Mazda6: the best looking fleet car?
- Hauliers call for duty rate rise to be scrapped
- Honda Insight the greenest car in the UK
- New Prius breaks cover at Trafford Centre
Local Information
Enter your postcode, town or place name
