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Average Diesel Price Rising ‘Too High’ in Recent Months

Average Diesel Price Rising ‘Too High’ in Recent Months

​Fuel prices have always fluctuated, and these days more-so than ever. The average price of fuel rose for the fourth month in a row into May 2019, with petrol 11p a litre more expensive than the beginning of the month, and diesel 7p dearer, looking back on the average fuel price from the start of February 2019. Petrol prices were averaging in at what now looks like a measly 119.54p, and diesel was 128.64p. This now clocks in from the end of May 2019 at 130.57p per litre for petrol, and 135.54p per litre for diesel.

Going back into the archives, the last time unleaded petrol was more expensive than what we are faced with every time we look to fill up our tanks was on July 15th 2014, where the price per litre stood at 131.61p. Similarly, diesel hit a high with a staggering 136.94p average price per litre on October 30th 2018.  As a knock-on effect on the constant rising price of fuel, the May 2019 pump price increase now means that the cost of filling a diesel 55-litre family vehicle went up by 96p to £74.55, which equates to £3.80 more than just four month ago.

At Marshall Leasing, we strive to provide clarity on the changing nature of our industry and are here to help with any burning questions that you may have. Unfortunately, we can’t alter the nature of inflation for fuel prices, but we can assist on helping you make the right decisions for your fleet. Fuel management is an important aspect of management of vehicles.

Telematics plays a big role in the conservation of fuel. MarshallMatics industry-leading tracking products for the fleet market. Our solutions provide organisations with the insights they need to improve performance, worker safety, discover cost savings and stay compliant with regulations.

To find out how we can help you and your business get the best value for your money, please visit our dedicated ‘Mileage Management & Fuel Purchasing’ section on our website here, or call us directly on 01480 414541.

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Marshall Leasing is a broker, not a lender and is a subsidiary of Northridge Finance.

MARSHALL LEASING LTD is a company registered in England and Wales under company number 156897, whose registered office is situated at Bow Bells House, 1 Bread Street, London EC4M 9BE