the average cost of filling a car is £105

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Petrol rises by 4p per liter to 166p, bringing a full tank to £91 for a 55-litre car. Photo: Julio Cortez/AP

The average price of diesel soared by more than 10p a liter in October, the third highest monthly increase on record, meaning it now costs £105 ($121) to fill up a diesel car 55 liters.

A liter of diesel rose from 180.37p to 190.51p, making October’s rise the second after those seen earlier this year in March (22p) and June (16p).

The price of petrol has also increased, by around 4p a litre, from 162.67p to 166.38p, meaning a full tank costs £2 more to £91.51.

October also saw the differential between diesel and unleaded prices reach a record high of 24 pence per litre.

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RAC Fuel Spokesman Simon Williams said: “After three months of falling prices at the pumps, October was a severe shock to the system for drivers with the unwanted return of some scary numbers on forecourt totems. Those with diesel vehicles suffered the most, with 10p being added to the cost of a liter in what was the third worst monthly increase on record, but petrol car drivers also saw a 4p increase per liter across the country.

October also saw the differential between diesel and unleaded prices reach a record high of 24 pence per litre.

The average price of unleaded in one of the big four supermarkets increased by 4 pence, from 161.31 pence to 165.36 pence; diesel jumped 9p from 178.51p to 187.54p. Motorway petrol rose nearly 8p from 182.83p to 190.48p, while diesel jumped 12p from 192.74p to 204.24p.

Williams added: “The fear now, particularly for diesel drivers, is whether the average price of a liter returns to that record high of 199.09p which made a full tank cost over £109. Regarding the wholesale market, we strongly hope that the price will stabilize. And those with gas-powered cars should actually see forecourt prices start to go slightly the other way, as the wholesale cost of unleaded seems to have peaked – at least for now – in mid- october.

“We urge drivers to ensure they always know where they can buy fuel at the lowest prices. currently cost just a penny less for petrol than the UK average Diesel, however, costs 3p a liter less than the average when bought from a supermarket.

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The cheapest place to fill up is Costco where a liter of petrol costs on average 154p and diesel 176p – 12p and 14p less than UK averages.

Williams said: “It’s interesting how cheap fuel can be sold, even in times of $90 oil and a weak pound. Obviously, Costco’s margins are low, but surely they still have to make a profit. »

The price rises began earlier this month when oil producer group OPEC+ agreed to cut production by 2 million barrels per day. This led the price per barrel to rise 7% from $88.86 to $94.83, reaching a high of $97 on October 27.

This, combined with the weaker pound, has made wholesale gasoline and diesel – which trade in dollars – more expensive.

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