So another dispiriting milestone is reached. Petrol prices have reached a new high of 140p a litre. The table puts into perspective how things have changed in recent years.
|Petrol price per litre(gallons)||Diesel price per litre(gallons)||Cost to fill 50 litre tank (petrol)||Cost to fill 50 litre tank (diesel)||Duty||Annual fuel cost based on 40mph and 8,400 miles per diesel car|
|A year ago||133p(£6.04)||139p(£6.32)||£66.50||£69.50||58.95p||£1,327|
|5 years ago||89p(£4.05)||93p(£4.23)||£44.50||£46.50||48.35p||£888|
It will only be a small crumb of comfort for hardpressed drivers but when you factor in inflation, the price rises are not quite as steep as they first appear. Of course even this knowledge will only be of solace to those who are both in work and have been receiving rate of inflation pay increases, things which are far from universal in this day and age.