November 09, 2017 at 4:45 PM
October 2017 saw diesel prices rise for the fourth consecutive month - rising 0.59p a litre from 120.21p to 120.80p per litre, according to RAC Fuel Watch data. Meanwhile, the cost of petrol fell in October - ending three months of increasing prices. Unleaded fuel decreased by 0.67p - from 118.17p at the start of the month, up to 118.84p by the 31st October. However, the fall in petrol prices is unlikely to last with oil prices rising to over $60 a barrel - the first time since July 2015.
RAC fuel spokesman Simon Williams said: “At the start of October there was a 6p saving in the wholesale price of unleaded which retailers eventually passed on to motorists in pump price reductions. This month, however, the situation is reversed and the petrol wholesale price has gone up by 4p."
The cost of filling up a 55-litre family car with petrol will now set you back £94.99 - based on the national average price of unleaded fuel, whilst the cost of filling up an equivalent diesel car will cost £66.44. In October, Scotland saw the biggest increase in diesel prices, rising 1.03p - pushing the average cost of a litre of diesel up to 121.27p. However, it was still cheaper than buying in the South East, which had the most expensive diesel at 121.39p/litre. Meanwhile, Northern Ireland's national average proved cheapest at 119.62p a litre.