Rising Diesel Prices

Startling new research has discovered that the UK is home to the world’s fourth most expensive diesel.

‘Looking4Parking.com’ and ‘This is Money’ performed the survey, which found the average price of diesel in Britain to be 141p per litre – nearly twenty pence more per litre than Ireland and Germany.

Norway was found to have the most expensive diesel in the world averaging at 150p per litre, with Italy coming a close second at 147p per litre. However, this is relative to the high average monthly income of Norwegians. It is understood that when it comes to affordability, Hungary are hit the worst with the average Hungarian forking out almost a third (28.5%) of their monthly income on fuel.

The research also shows that of the 141p per litre that British motorists pay, 86p is made up of duty and taxes.

Felicity Hannah of Yahoo! Finance is quoted as saying: “Even though diesel is more expensive than petrol, diesel-powered cars are usually more efficient and use less fuel over the same journey.

However, it costs well over £2,000 more to buy the diesel model, so you’d need to drive tens of thousands of miles before you recovered the extra cost. To work out which is best, you’d need to consider the miles-per-gallon of each model”.

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