Diesel prices rocket

Date: Wednesday, May 21, 2008

The price of a litre of diesel saw its biggest monthly increase in a decade in May, says motoring group the AA. The average price of diesel between mid-April and mid-May increased 6.76 pence to 124.17p a litre. That's a rise of 5.7 per cent.
The average price of petrol at the pumps has risen 4.49 pence a litre, with the cost now 112.55p a litre.

Edmund King, president of the AA said: “The price rises in recent days were of a magnitude exceeded only in the aftermath of Hurricane Katrina, when the price of petrol rose almost 3.5p in a week.”

The picture shows diesel at 126.9p a litre and was snapped today in south west London. The same forecourt was showing 109.9p at the end of January; that's a rise of 15.5 per cent in four months.


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