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Unleaded
Diesel
March 2016
April 2016
May 2016
June 2016
July 2016
The cost of fuel
Retail Diesel
Retail Unleaded
Wholesale Diesel
Wholesale Unleaded
By way of contrast, the equivalent
figures for 2014 and 2013 – at a
time when fuel was significantly
more expensive – were 47% and
63% respectively.
In addition to cheaper petrol and
diesel prices, increased economic
prosperity has no doubt played a
part in reducing concerns about
vehicle running costs. The UK’s
GDP grew by 2.2% over the course
of 2015, and by a further 0.4% in
the first three months of this year
5
.
At the same time, wage growth has
remained positive: in April 2016, the
Office for National Statistics reported
an average weekly earnings growth
rate of 2%, well ahead of inflation.
RAC Fuel Watch provides a daily
insight into how petrol and diesel
prices are changing – both on
the wholesale market and on the
forecourt – as well as a detailed
monthly analysis of how much
prices have gone up or down.
See
rac.co.uk/fuelwatch Source: Experian Catalist
15
1.0 What’s on motorists’ minds?