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Drivers Feeling Frustration of Fluctuating Petrol Price
21 October 2019
Although the average price of both petrol and diesel across the country fell slightly in August, retailers failed to pass the entire discount in the wholesale price of unleaded to UK drivers. According to the RAC, drivers are right to be ‘angry’ at the low petrol price drop because savings are not being passed on.
One litre of petrol reduced by 0.27p to 128.88p, although in comparison, the wholesale price came down dramatically by 4.38p to 96.57p. In comparison, each litre of diesel decreased by 0.38p to 131.66p, while the wholesale price fell by 1p a litre down to 101.2p.
To give an example, the cost of filling a family-sized 55-litre car came down by 15p to £70.88 for petrol engine vehicles, and in comparison, came down 21p to £72.41 for diesel cars. The average price for petrol at the country’s four biggest retailers (Asda, Tesco, Morrisons and Sainsbury’s) was 125.41p, a reduction of 0.55p, and 128.04p diesel, a 0.6p saving when compared to statistics from July 2019.
Data produced by the RAC showed that both diesel and petrol prices both increased dramatically during July 2019, as the pound lost a staggering 3% on the dollar. Although the constant changes in the industry seem like a never-ending headache for fleet managers, there are alternatives to make those woes disappear.
At Marshall Leasing, we understand the frustrations felt by fleet managers, therefore we’re here to help you every step of the way to finding a suitable resolution to your problems. Saving fuel, time and money sound like music to our ears, so why not make this a reality?
Our telematics systems, MarshallMatics has been proven to cut fuel consumption and CO2 emissions by 20% and curtail maintenance costs across an entire fleet. Whether you are a large multi-national organisation or a small, local company, MarshallMatics has made it easy to take advantage of next generation telematics and access crucial business intelligence quickly.
To find out more on how we can help with all of your fleet requirements, please visit our dedicated ‘Telematics’ section on our website here: https://bit.ly/2VQVmFL, or call us directly on 01480 414541.
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