Diesel also close to record high
Government data shows that petrol is at a record high price.
According to a weekly report published by the Department for Business, Energy and Industrial Strategy (BEIS), a litre of petrol cost 143.7p on 1 November, compared with a previous high of 142.17p back in April 2012.
The information from BEIS shows that, at 147.48p per litre, diesel is nudging its high of 148.04p also seen back in April 2012.
Steve Gooding, director of the RAC Foundation, said:
“The surging cost of oil is certainly contributing to the misery drivers face at the pumps, but the price of a barrel is still only around two thirds of what it was when forecourt prices were last at these levels.
“Another factor is the relatively high, and rising, cost of biofuels, which on a pence per litre basis are more expensive than fossil fuels and this at a time when the bio element of petrol is increasing as we work towards meeting our decarbonisation goals.”
The proportion of bioethanol – a type of renewable biofuel – in standard grade petrol at UK forecourts was increased from 5% to 10% in September.
Philip Gomm – Head of External Communications – RAC Foundation
07711 776448 | [email protected]
Notes to Editors:
The RAC Foundation is a transport policy and research organisation that explores the economic, mobility, safety and environmental issues relating to roads and their users.
The Foundation publishes independent and authoritative research with which it promotes informed debate and advocates policy in the interest of the responsible motorist. All the Foundation’s work is available at: www.racfoundation.org