Diesel prices continue to drop

News

For the first time since January 2010, the average price of diesel has fallen below 113p per litre, according to the information group Experian Catalist.

Last month it was revealed that the average price of diesel had become cheaper than that of petrol for the first time since 2001.

In the last week, supermarkets have cut prices by between 2p and 4p per litre. Petrol has also fallen in price this week, hitting 115.24p per litre on average, its lowest level for three months.

James Hookham, deputy chief executive of the Freight Transport Association, was sceptical of the price drop and warned that the drop in prices may not last.

He said: ”We must highlight there is nothing sinister going on and prices could go up as quickly as they are falling. It is a very volatile market."

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