Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Diesel prices hit new record high despite fuel duty cut

Diesel prices have soared to a new record high despite the cut in fuel duty, figures show (Yui Mok/PA)
Diesel prices have soared to a new record high despite the cut in fuel duty, figures show (Yui Mok/PA)

Diesel prices have soared to a new record high despite the cut in fuel duty, figures show.

The average cost of a litre of the fuel at UK forecourts on Monday was 178.4p, according to Government data.

The previous record of 177.5p was set two days before Chancellor Rishi Sunak implemented a 5p per litre cut in fuel duty on March 23.

Analysis by the PA news agency revealed that filling up a typical 55-litre family diesel car is around £26 more expensive than a year ago.

This is due to a 48p per litre rise in average prices.

Petrol prices have nearly returned to the level seen before the duty cut.

The average cost of the fuel was 163.7p per litre on Monday, compared with 165.4p on March 21.

Steve Gooding, director of the RAC Foundation, said: “As we feared, it didn’t take long for the 5p reprieve to be swallowed up by global events which are driving pump prices back towards record levels.

“The Chancellor can’t be blamed for the soaring cost of oil but he could and should go further in cutting the rate of duty.

“Whilst all the attention is on the price of a barrel of Brent crude, the Chancellor continues to quietly take in taxation only just less than 50% of everything that drivers pay on the forecourt.

“There has been a lot of criticism of the windfall profits being made by companies like BP and Shell, but let’s not forget that record oil prices are also bringing in extra for the Treasury in the form of VAT which is levied not just on the product price of petrol and diesel, but also the duty element.”

VAT is charged at a rate of 20% of the combined product price and duty.

AA fuel price spokesman Luke Bosdet said: “Diesel is the workhorse fuel that drives haulage. These record prices will be passed on to customers and will drive inflation for goods and services.

“Record pump prices not only hit families at the pump but also when they shop, get a delivery or call out a repair person.”