Friday, August 22, 2008

Rising fuel prices could influence car market

The current boom in diesel car sales could slow down, as the average price of diesel fuel at the end of June reached 132.27p per litre - 22.5 per cent higher than it was at the beginning of the year, according to figures from Experian, the global information services company.

The figures provided by Catalist, an Experian company, show the biggest increase in diesel fuel prices for the first six months of any year in the last decade.

The average price of petrol has also increased significantly to 118.9p per litre - 15.4 per cent higher at the end of June compared to the beginning of the year.

Furthermore, while both diesel and petrol prices have been rising, diesel prices have crept up at a faster rate over the last six months. There is now an 11.2 per cent difference between petrol and diesel prices, compared to a 4.8 per cent difference in January 2008.



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