Diesel retailers are currently making 7.5 pence on every litre.
As with any business, including big corporations and SMEs, one of the main success drivers is profit.
Retailers usually operate by making around four pence per litre of delivered fuel, but with the new pricing structure, they’re making 7.5 pence on every litre of diesel.
That equates to an extra £1.92 on your average 55-litre tank of diesel.
RAC fuel spokesman, Simon Williams said: “Transparent, fair fuel pricing is vital for the economy and to maintain the trust of motorists. While two thirds of Britain’s 29m cars run on petrol we use twice as much diesel, which demonstrates how important it is to business through our 460,000 HGVs, 3.2m vans and all the diesel-powered company cars on the road, which cover high mileages every year.”
The wholesale price of diesel is likely to remain low in the coming weeks due to the start of the American holiday season. The increased demand for unleaded will cause a light worldwide price increase, which in turn narrows the gap with diesel. So what better time for retailers to lower the price we pay at the pumps?
Williams added: “As we regularly see prices go up as a result of global demand issues it seems only fair that this annual drop in worldwide wholesale diesel prices caused by this little-known US petrol peak phenomenon should be reflected on UK forecourts.
“In the interests of fair play it would appear a good moment for our driver-friendly supermarket fuel stations or the big fuel companies to take a stand and cut the price of diesel in line with wholesale prices and give diesel car owners and business drivers a welcome respite.”
