Oil industry halts falling unleaded prices
Recent fuel price reports show the UK oil industry has stopped cutting pump prices

Fuel for thought

Oil industry halts falling unleaded prices

07 Jul, 2010

Published over 16 years ago. See the latest and most current information on Fuel for thought.

The six-week drop in unleaded prices in the UK during May and June has come to a halt as downstream operators in the oil industry have put their prices up.

In its latest weekly report on fuel prices, the Department of Energy and Climate Change notes a slight increase in the average cost of a litre of unleaded.

From a cost per litre of 117.88p on June 28th, the fuel now costs 117.91p as of July 5th, an increase of just 0.03p.

However, the previous week also saw a rise, taking unleaded up 0.08p per litre from its lowest point of 117.80p on June 21st.

The latest move takes unleaded to its highest level since June 7th; however, diesel currently costs more than it did at that time.

On June 7th, the cost of a litre of diesel stood at 120.40p, but reluctance to lower prices within the UK oil industry has seen it rise to 120.44p in recent weeks.

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