Diesel continue to tumble towards £1 per litre

Asda, Tesco and Sainsbury’s have once again cut the cost of diesel, which now costs no more than 108.7 pence-per-litre at Asda forecourts. This time around there have been cuts to the cost of petrol, too, by once pence-per-litre.

Diesel is now cheaper than petrol, which hasn’t been the case since 2001. RAC fuel spokesman Simon Williams said: “July was a month of good news for motorists with diesel vehicles. The 5p a litre diesel saving recorded in July means the cost of filling up an average 55-litre diesel family car, such as a Ford Focus, has dropped by £3 in a month.”

Williams attributes the cheaper diesel prices at lower wholesale costs, thanks to two new oil refineries in Saudi Arabia. These “are now producing diesel to meet the large European demand. We expect this to be good long-term news for the nation’s 10.7m diesel car drivers as well as for businesses operating commercial vehicles. Everyone should benefit from a better, fairer deal at the pumps going forwards.” He added.