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Diesel prices continue to rise

The month of May is the seventh consecutive month of rising fuel prices says RAC Fuel Watch.

increased fuel prices

Diesel prices on the forecourt increased in May by 1.95p to 131.59p and the cost of diesel has risen 20p per litre since May 2020, even after prices dropped last year, reaching a low point in November 2020. Fuel prices have not risen this quickly since 2010. However, the cost of Diesel hasn’t yet surpassed the high price of 132p/litre it reached at the end of January 2020, just before the Corona virus pandemic hit.

Simon Williams, RAC spokesperson said, “drivers will be wondering if the increases are ever going to end. We’ve now witnessed the biggest petrol price rise in any 12-month period since May 2010 when unleaded rocketed from 99p a year earlier to 121p.

The future price of fuel is hard to predict, and the current prices seem high compared to the wholesale prices for fuel, unleaded is expected to cease rising and is possibly 2p/litre above the price it could be while diesel is possibly 4p/litre higher than it ought to be, explained the RAC.

Regardless of price, freight and home delivery companies are being encouraged to do all they can to reduce their carbon footprint and save fuel. The use of delivery scheduling and route optimisation software can have a significant impact in reducing fuel consumption. Increasing a fleet’s delivery capacity by up to 35% and improving the delivery density on each route can produce significant savings on fuel and the cost of delivery for each parcel.” Said Andrew Tavener, UK Marketing Manager, Descartes.

Find out how route optimisation can reduce your carbon footprint and reduce fuel consumption

Click here to read the full RAC Article