Monday 24th Oct 2016 - Logistics Manager

Diesel price hits record high

Diesel prices have hit an all-time high, according to the Road Haulage Association.

The associations weekly fuel price survey showed a record high national average price of 109.48 pence a litre before VAT, up by 0.62p on the week before. The previous high level was achieved in 2008, when soaring diesel prices spiked at 108.97 pence a litre.

RHA policy head Jack Semple said: “It seems inconceivable that chancellor George Osborne would go ahead with a duty increase in April that would not only be the eighth since November 2008 but would also be the highest single increase for more than a decade.”