Petrol pump

The already record differential between the average price of petrol and diesel has increased to beyond 20ppl for the first time, according to RAC Fuel Watch data.

As of Wednesday drivers were paying an average of 163.13ppl for unleaded while diesel had climbed to nearly 184ppl (183.94ppl) – a difference of 20.35ppl.

Following the announcement from oil producer group OPEC+ a week ago that it was cutting production by two million barrels a day, the wholesale price of refined fuel has increased as a result of oil trading above $90 a barrel. having been below that mark at the end of last month.

RAC fuel spokesperson Simon Williams said: “Since OPEC and its allies agreed to reduce oil supply substantially we’ve seen the price of wholesale diesel go up by 9ppl and petrol by 4ppl.

“This has led to the average price of diesel going up by almost 4ppl and petrol by nearly a penny. Sadly for diesel drivers, the situation seems certain to get worse with prices heading back to 190ppl.”