UK diesel prices hits record high £1.83 per litre making it cheaper to run an Electric Car
Fuel prices in the UK are continuing to rise, with diesel having reached a new record high of 183.9p per litre as of 15 May 2022.
Current prices mean it costs around £90 to fill a 55-litre family car with petrol, and £97 for diesel. And news forecourt rates are creeping up couldn’t come at a worse time.
Yesterday (Monday, May 16) the Governor of the Bank of England warned of “apocalyptic” cost of living rises, adding further pressures to beleaguered British households.
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The rises are being blamed on the continuing situation in Ukraine, with sanctions and bans on Russian oil leading to a squeeze on supplies.
Nelmes says “We estimate the average UK motorist would spend £1,028 per year on petrol and £987 per year on diesel. That’s up from £796 a year on petrol and £747 a year on diesel a year ago,” he says. “That means that the fuel cost savings available to petrol and diesel drivers who switch to EVs this year are £779 for petrol drivers and £738 for diesel drivers.”