Latest news with #fuelprices
Auto Express
21 hours ago
- Automotive
- Auto Express
You shouldn't assume supermarkets will offer the lowest petrol and diesel prices
For longer than most of us can remember, the financial rules of the refuelling game at forecourts have been fair and easy to understand. In the interests of genuine and much-needed consumer choice, it has gone a bit like this… Motorists watching the pennies have tended to shop at Sainsbury's, Morrisons, Asda and other supermarkets where own-brand fuel has been cheapest. Drivers less concerned about prices have used traditional forecourts, where oil giants such as Esso and Shell sell generally more expensive fuels. This is a textbook case of you pay your money and take your choice! I've long believed that such a consumer-friendly arrangement couldn't be simpler. Advertisement - Article continues below But for the first time ever, I'm starting to question it. No longer can I, or you, assume that supermarkets will offer the lowest pump prices. I hope I'm wrong, but I fear that the rules of engagement are changing, because in the hundreds of miles I've driven over the past week, I've bought fuel everywhere from traditional forecourts to supermarkets – and it's the latter that have got their prices horribly wrong as far as I, and my wallet, are concerned. Examples of outlets (in the same area) I bought from, or boycotted, within a 24-hour window last week: unleaded costing 131p per litre (£5.95 a gallon) on Esso forecourts (plural) and 132p (£6.00) at a nearby Shell garage. Yet just up the road, a Sainsbury's site demanded 135p (£6.14) and Morrisons and Asda outlets wanted 134p (£6.08). Skip advert Advertisement - Article continues below I fear it could be the end of an era. The business model that has hitherto operated on the basis that supermarkets should offer the cheapest fuel seems broken. Great shame, that. And before anyone argues that all this tight-fisted, penny-pinching stuff from me is unimportant in the great scheme of things, consider this: a private motorist driving 10,000 miles annually over 50 years – between the ages of 18 and 68 perhaps – will enjoy half a million miles, or thereabouts, behind the wheel. If he or she typically achieves around 40mpg and, at today's prices, pays £7 a gallon (154 ppl) instead of the sub-£6 gallon (131p) he/she could be paying, £250 will be wasted every year. Over five decades that equates to an overspend of £12,500 – the price of a decent used premium car. Get ripped off by being daft enough to stump up £8 per gallon (176ppl) in today's money and you'll needlessly overspend £500 annually or, over the course of that half-century driving life, about £25k. This is equivalent to buying a brand new Renault 5 (officially crowned The New Car World Champ 24/25) while still leaving enough change for an exotic holiday for a week or two. Crazy but true! Yet such massive savings really are achievable for drivers who bother to do their homework and find the lowest prices – while giving those priced highest the swerve they deserve! Do you usually fill up with supermarket fuel? Let us know in the comments section below... Find a car with the experts 2026 Land Rover Defender updates look subtle, but they fix one huge annoyance for owners 2026 Land Rover Defender updates look subtle, but they fix one huge annoyance for owners Land Rover has introduced new, larger white-painted steel wheels for models with big brakes, fixing one massive irritation with the previous generatio… Electric car drivers won't ever go back to petrol or diesel Electric car drivers won't ever go back to petrol or diesel Editor Paul Barker thinks the EV transition is coming whether we like it or not The MG HS just got hot! New 221bhp Hybrid+ model joins line-up The MG HS just got hot! New 221bhp Hybrid+ model joins line-up The Hybrid+ gives the MG HS another tool to take on the Dacia Bigster
Arab News
a day ago
- Business
- Arab News
Pakistan hikes petrol price by Rs1 per liter till next fortnight
ISLAMABAD: Pakistan's government has decided to increase the price of petrol by Rs1 per liter till the next fortnight as per the recommendations of the Oil and Gas Regulatory Authority (OGRA) and relevant ministries, the Finance Division announced recently. Petrol is primarily used in Pakistan for private transportation, including small vehicles, rickshaws and two-wheelers. Diesel, on the other hand, powers heavy vehicles used for transporting goods across the country. 'The government has decided the following prices of petroleum products for the fortnight starting tomorrow, based on the recommendations of OGRA and the relevant ministries,' the Finance Division said in a statement on Saturday. After the latest revision in prices, a liter of petrol will cost Rs253.63 while the government has kept the rate of diesel unchanged at Rs254.64 per liter. Fuel prices in Pakistan are reviewed and adjusted on a fortnightly basis. This mechanism ensures that changes in import costs are reflected in consumer prices, helping to sustain the country's fuel supply chain. The Finance Division kept the price of petrol unchanged and slashed the rate of high-speed diesel by Rs2 per liter during its last review on May 16. The new price of petrol has already taken effect.
Khaleej Times
2 days ago
- Business
- Khaleej Times
UAE: Taxi fare to remain unchanged in June in this emirate
The taxi fare for June will be set at Dh1.74 for each kilometre in Ajman — the same as the rate set for May. The emirate's transport authority announced the taxi fares for the month of June on X. Earlier, the UAE announced the fuel and diesel prices for June, with the Fuel Prices Monitoring Committee keeping the prices unchanged from the month of May. The new rates will apply from June 1 and are as follows: Depending on the type of vehicle you drive, getting a full tank of petrol in June will cost you the same as last month. Click this link to check the breakdown of how much it would cost to get your vehicle fully fuelled up.
Gulf Business
2 days ago
- Business
- Gulf Business
UAE announces fuel prices for June 2025
Image: Getty Images The UAE fuel price committee has announced petrol and diesel prices for the month of June. The rates, effective from June 1, are as follows: Super 98 petrol will cost Dhs2.58 per litre, staying the same as Dhs2.58 in Special 95 petrol will be priced at Dhs2.47 per litre, compared to Dhs2.47 in May. E-Plus 91 petrol will cost Dhs2.39 per litre, the same as Dhs2.39 in May. Diesel will be charged at Dhs2.45 per litre, down from Dhs2.52 this month. The UAE adjusts
The National
2 days ago
- Business
- The National
UAE petrol prices remain steady in June as diesel falls again
Petrol prices in the UAE will remain steady in June, while diesel will fall for a second month in a row, authorities announced on Saturday. It will be the second month that gasoline fuels will remain unchanged in 2025 after a similar decision for January. Prices then rose by about 5 per cent in February, before decreasing in March and April. In May, diesel fell while other fuel products marginally rose. So far this year, petrol prices are down by about 1.1 per cent, while diesel has fallen by more than 8.5 per cent. How much will fuel cost in June 2025? The breakdown of fuel prices a litre for next month is as follows: Super 98: Dh2.58, unchanged from May Special 95: Dh2.47, unchanged from May Diesel: Dh2.45, an increase of 2.8 per cent from Dh2.52 in April E-Plus 91: Dh2.39, unchanged from May The UAE deregulated fuel prices in 2015, aligning them with market fluctuations. Fuel prices in the UAE are tied to movements in the global oil market, which has experienced significant volatility since the beginning of the year. Concerns about a global economic slowdown due to US President Donald Trump's tariffs on trade partners, and retaliatory measures, have put pressure on oil prices. Oil prices slipped on Friday and posted a second consecutive weekly decline as the Opec+ alliance prepares for its meeting this weekend, where it is expected to announce its third major output increase. Brent, the benchmark for two thirds of the world's crude, fell 0.39 per cent to settle at $63.90 per barrel. West Texas Intermediate, the gauge that tracks US crude, dropped 0.25 per cent to close at $60.79 a barrel. The oil alliance's meeting on Saturday to decide on July's production levels comes amid global trade tensions that have cooled demand prospects, analysts say. This week, UAE Minister of Energy and Infrastructure Suhail Al Mazrouei said that despite a growing focus on renewable energy, Opec+ should be 'mindful' about oil demand. The group, led by Saudi Arabia and Russia, is 'doing its best' to balance the market and ensure there is enough investment into supply, he said.
