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21/06/2013
Petrol Pump Prices Are Highest In NI
Petrol pump prices have continued to increase over the last month, with diesel drivers spending more than those using petrol, according to new figures from the AA.
The average price of petrol in the UK has increased from 133.35p a litre in mid-May to 134.61p in mid-June, while diesel has increased from 138.17p a litre to 139.16p.
Regionally, Northern Ireland motorists are paying the most or their petrol and diesel, at an average of 135.8p and 139.8p a litre, respectively. London was found to be the cheapest at 134.61p and 139.1p per litre respectively.
The AA said: "At present, the 1p-a-litre premium that fuel stations are generally adding to the cost of diesel adds 5,500 miles to the break-even point for a new car buyer who chooses diesel instead of petrol.
"Diesel cars typically cost £1,500 more but the saving from better fuel efficiency should eventually recoup that."
AA President Edmund King added: "To be fair, there is often much greater variation in the price of diesel among retailers in a town than with petrol. However, on average, the profit margin on diesel is consistently at least a penny higher than with petrol.
"The clear message to diesel drivers is to take advantage of the greater range of prices locally. Some forecourts are more diesel-friendly than others."
(JP/MH)
The average price of petrol in the UK has increased from 133.35p a litre in mid-May to 134.61p in mid-June, while diesel has increased from 138.17p a litre to 139.16p.
Regionally, Northern Ireland motorists are paying the most or their petrol and diesel, at an average of 135.8p and 139.8p a litre, respectively. London was found to be the cheapest at 134.61p and 139.1p per litre respectively.
The AA said: "At present, the 1p-a-litre premium that fuel stations are generally adding to the cost of diesel adds 5,500 miles to the break-even point for a new car buyer who chooses diesel instead of petrol.
"Diesel cars typically cost £1,500 more but the saving from better fuel efficiency should eventually recoup that."
AA President Edmund King added: "To be fair, there is often much greater variation in the price of diesel among retailers in a town than with petrol. However, on average, the profit margin on diesel is consistently at least a penny higher than with petrol.
"The clear message to diesel drivers is to take advantage of the greater range of prices locally. Some forecourts are more diesel-friendly than others."
(JP/MH)
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While Northern Ireland has already recorded the highest price for unleaded at 129.9pence per litre in the UK during February - with Yorkshire and Humberside at the lowest - at 127.8pence, Dublin drivers are really getting hammered. Even taking the exchange rate into consideration, the Republic Of Ireland petrol prices are now even higher - over €1.
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While Northern Ireland has already recorded the highest price for unleaded at 129.9pence per litre in the UK during February - with Yorkshire and Humberside at the lowest - at 127.8pence, Dublin drivers are really getting hammered. Even taking the exchange rate into consideration, the Republic Of Ireland petrol prices are now even higher - over €1.
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Global politics and a routine surge in demand brought on by the onset of winter is set to push fuel prices above the £1 per litre for diesel that has already been reached in many parts of the Province.
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18 July 2002
Fuel racketeering condemned by House of Commons
The House of Commons Public Accounts Committee has described the loss of business revenue to the UK exchequer through the sale of illicit fuel as a "scandal". A report by the committee revealed that the exchequer was being cheated of a quarter of its income through the sale of illicit fuel at more than half the filling stations in Northern Ireland.
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DUP Raises Concerns Over 'Crippling Impact' Of Proposed End Of Red Diesel Rebate
The DUP have met with industry leaders impacted by the Government's proposal to end the red diesel rebate. Party Leader Sir Jeffrey Donaldson MP and Upper Bann MP Carla Lockhart heard first-hand the "crippling impact" these changes would have upon the economy and how they would serve to drive up the cost of living.
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Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
