diesel prices to jump by 5p

[ckember]

The petrol retailers assoc are stating that the price of a litre of diesel will jump by 5p by this weekend due to refining issues. Why doesn't this affect petrol by the same amount. Surely the refineries produce both petrol and diesel

http://news.bbc.co.uk/1/hi/business/7409166.stm

 

[evdok]

Wanted!

 

[TonyVianoAmbiente]

The petrol retailers assoc are stating that the price of a litre of diesel will jump by 5p by this weekend due to refining issues. Why doesn't this affect petrol by the same amount. Surely the refineries produce both petrol and diesel.

That's a good question. I have a friend of 30 years who works for Shell UK. He explained to me some time ago that the feedstock for a refinery has to be separated and processed into many different fractions, petrol, kerosene, diesel, naphtha, heavy fuel oil and bitumen. The same fractions used for diesel fuel (DERV) are also used for oil-fired central heating and gas oil (red diesel) so any demand for these will affect the price of all of them.

The demand for these various fractions varies according to season, weather etc. Not all the refineries supply all the fractions.

My friend tells me that the closure of the Grangemouth refinery for a couple of weeks due to the recent strike is at the root of the problem. Apparently the UK is so short of refining capacity that the closure of one refinery can have a huge effect on prices.

It is also worth pointing out that the cost of a barrel of oil has hit new records this week. Plus, the high price of all fuel is encouraging the use of diesel cars, which now have their highest ever market share, hence the greater demand for diesel than for petrol. There is plenty of petrol, which explains why it is cheaper.

 

[kikkthecat]

The petrol retailers assoc are stating that the price of a litre of diesel will jump by 5p by this weekend due to refining issues. Why doesn't this affect petrol by the same amount. Surely the refineries produce both petrol and diesel

I went to York Races on Friday and passed a garage on the A64 where the diesel went up 6p a litre between going out around lunchtime and coming back late afternoon.

I went to fill up at my local Tesco that evening around 7:00pm and was told I was lucky as they were putting the price up in 30 minutes. I went instore to do some shopping and when I came out they had... from 119.9 to 122.9.

I took people to Wembley on Saturday and at Tibshelf services it was 123.9 and at Watford Gap it was 129.9.

The price of diesel isn't coming down anytime soon and it's reached a stage where profiteering is happening. Some garages are putting 2, 3 or 4p on just because they can. Of the garages within 3 miles of me there is a variation of 8p a litre where it never used to be more than 2 or 3p

 

[evdok]

fuel prices

Just enter your postcode and you will be shown the lowest prices in your area.

Updated daily.

Once you register (which is FREE)
You can make up to 20 searches a week.

http://www.petrolprices.com/

 

[Inkyskin]

I use that site all the time - it says twenty searches, but thats twenty different postcodes - I always use mine, so I have only ever used 1 search a month

 

[Bobby Dazzler]

I saw a petrol station at the weekend with the biggest petrol/diesel differential I've encountered: 109.9p versus 123.9p

 

[Mudster]

At what point will an equivalent Petrol model now start to become more cost efficient?

Considering lower purchase price, lower servicing costs, even with slightly more depreciation it must now be a close call unless you're doing high mileages.

 

[crockers]

I did a basic cost calculation on a Honda crv petrol v diesel - ignoring servicing RFL and depreciation and at a 10p litre differential the breakeven point for a diesel was 70,000 miles.......

Perhaps we are getting a little too brainwashed onto diesels ....

 

[BTB 500]

On fuel costs my 5 litre R129 is now cheaper to run (using V-Power!) than my diesel Vito.

 

[Alfie]

At what point will an equivalent Petrol model now start to become more cost efficient?

Considering lower purchase price, lower servicing costs, even with slightly more depreciation it must now be a close call unless you're doing high mileages.

I think you are absolutely right.

I bought a diesel A class (used) because there was very little difference in the price (used) so it made sense to get a more saleable and economical one for running around town.

I know of one highly respected member who saved tens of thousands on his car by buying a 5 litre petrol over a diesel. It will take many many years to even out.

With the rising cost of diesel and the plummeting cost of large engined petrol cars (I saw a C55 54 plate for £21,950 yesterday), its starting to look very attractive to buy a big car

 

[jaymanek]

ours is now 113.9 and 128.9, diesell will be going up after monday..

 

[PXW]

Stopped off at my local BP for a top-up last Friday - indicator was showing about 1/4 tank left, but with the w'end coming up...cost me £82 for 60-odd litres about £1.30/litre. I often used to put in a tankful of Ultimate, but couldn't bring myself to do it...

 

[Palfrem]

Here's a link that gives the spot bulk price ex-Rotterdam

http://www.fta.co.uk/information/fuel/#ot

...and a few other interesting bits and pieces too

 

[ckember]

I saw a petrol station at the weekend with the biggest petrol/diesel differential I've encountered: 109.9p versus 123.9p

how about 111.9 for unleaded and 127.9 for diesel , BP garage near Vauxhall bridge in London