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Diesel prices rise for sixth month

RAC Fuel watch recently reported that Diesel fuel prices have risen for the sixth month in a row.

Prices on the forecourt in April went up by 0.62p per litre to 129.73ppl, this is the sixth consecutive time the price of fuel has increased and the highest price since February 2020 before the first COVID-19 lockdown.

The cost of a barrel of oil increased by $4.82 during April to $66.93, and wholesale diesel and petrol prices are likely to increase in May.

RAC fuel spokesman Simon Williams said, “April marks six months of rising petrol prices and sadly there’s no end in sight as oil is getting perilously close to hitting $70 a barrel – something we haven’t seen for more than two years. If oil breaks this threshold, it will inevitably spell more bad news for drivers at the pumps.”

Currently the pound is strong against the US Dollar in which barrels of oil are priced, should the pound fall then we will be paying much more for diesel and petrol.

Logistics companies need to do all they can to reduce their use of fuel and their carbon footprint. The use of route optimisation software, not just for the routes between deliveries, but also for the entire day’s deliveries, placing them in the most economical order, can have a significant impact on fuel consumption. This can provide substantial savings for larger fleets and more days that routes are optimised.” said Andrew Tavener, UK Marketing Manager, Descartes.

Discover more about optimised route planning and deliveries to save Fuel

To read more about the rise in Fuel for May 2021 from the RAC, visit Fleet News