Fuel prices at six-month high as fuel retailers look to hang on to their profit margins

Government data shows that the UK’s average price of a litre of petrol stands at £1.28, while diesel costs £1.35. 

This means the cost of filling the tank of a 55-litre petrol taxi has increased by nearly £4 in the past six weeks, and more than £2 for diesel cars.

The last time prices were higher than current levels for either fuel was November 2018, according to the Department for Business, Energy and Industrial Strategy figures.

Steve Gooding, director of motoring research charity the RAC Foundation, said: “Since the start of the year the wholesale cost of petrol has increased faster than that of diesel and now the two fuels are leaving the refineries at about the same price.

“Yet diesel is still several pence per litre dearer than petrol at the pumps. It seems that retailers are keen to hang on to their profit margins where they can and drivers are paying the price.” 

Image: RAC Foundation

  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram
LTDA Feb 2021.gif




ETHOS 030 Taxi Point ad mob (002) MARKET
Ascotts Taxi Repair
TaxiPoint single frame.jpg
Plan Taxi Insurance
advertise with us.jpg

The views expressed in this publication are not necessarily those of the publishers.

All written and image rights are reserved by authors displayed. Creative Common image licenses displayed where applicable.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2021.