PanamaTimes

Friday, Oct 31, 2025

Cost of living: Petrol price reaches new record high at 170p a litre and diesel at 181p, data shows

Cost of living: Petrol price reaches new record high at 170p a litre and diesel at 181p, data shows

AA fuel price spokesman Luke Bosdet says it is "particularly galling" when supermarkets of the same brand charge "significantly more" at one location compared with another in the same region.

Average petrol prices have reached a new record high of 170.4p a litre, new figures show.

The average price for diesel was 181.4p a litre on Tuesday, according to data firm Experian Catalist.

A year ago today, petrol was 129.0p a litre, with diesel at 131.3p a litre.


RAC fuel spokesman Simon Williams called it "another unfortunate landmark".

"While wholesale prices may have peaked for the time being last week they are still worryingly high which means there's no respite from the record-high pump prices which are so relentlessly contributing to the cost-of-living crisis", he said.

"We badly need the government to take more action to ease the burden on drivers, which we hope will feature in its announcement expected this week.

"VAT at 20% on fuel is currently benefitting the Treasury to the tune of around 30p a litre which seems very unfair when you consider it's a tax on a tax as fuel duty - despite being cut to 53p a litre at the end of March - is charged at the wholesale level."

AA fuel price spokesman Luke Bosdet said there is "still quite some variation in pump prices among fuel stations in most areas", saying it is "particularly galling" when supermarkets of the same brand charge "significantly more" at one location compared with another in the same region.

The government cut fuel duty by 5p a litre on 23 March, but retailers have been accused of raising profit margins since the policy was introduced.

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
White House Refutes Reports That US Targeting Military Sites in Venezuela
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Argentina’s Markets Surge as Milei’s Party Secures Major Win
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
Ecuadorian President Daniel Noboa Alleges Poison Plot via Chocolate and Jam
Trump Accuses Colombia’s President of Drug-Leadership and Announces End to US Aid
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
U.S. Treasury Mobilises New $20 Billion Debt Facility to Stabilise Argentina
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
FBI Strikes Deep in Maduro’s Financial Web with Bold Money-Laundering Indictments
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
New World Screwworm Creeps Within Seventy Miles of U.S. Border, Threatening Cattle Sector
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
Trump Orders Third Lethal Strike on Drug-Trafficking Vessel as U.S. Expands Maritime Counter-Narcotics Operations
US Launches New Pilot Program to Accelerate eVTOL Air Taxi Deployment
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Actor, director, environmentalist Robert Redford dies at 89
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
Could AI Nursing Robots Help Healthcare Staffing Shortages?
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
In a highly politically motivated trial, Brazil’s Supreme Court finds former leader Bolsonaro guilty of plotting coup
Brazilian police say ex-President Bolsonaro had planned to flee to Argentina seeking asylum
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Nayib Bukele Points Out Belgian Hypocrisy as Brussels Considers Sending Army into the Streets
Brazil Braces for Fallout from Bolsonaro Trial by corrupted judge
Escalating Drug Trafficking and Violence in Latin America: A Growing Crisis
Uruguay, Colombia and Paraguay Secure Places at 2026 World Cup
The White House on LinkedIn Has Changed Their Profile Picture to Donald Trump
Trump Responds to Death Rumors – Announces 'Missile City'
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Category 5 Hurricane in the Caribbean: 'Catastrophic Storm' with Winds of 255 km/h
Air Canada Begins Flight Cancellations Ahead of Flight Attendant Lockout
Southwest Airlines Apologizes After 'Accidentally Forgetting' Two Blind Passengers at New Orleans Airport and Faces Criticism Over Poor Service for Passengers with Disabilities
Mexico Extradites 26 Cartel Figures to the United States in Coordinated Security Operation
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Spain Scraps F-35 Jet Deal as Trump Pushes for More NATO Spending
Trump Administration Increases Reward for Arrest of Venezuelan President Maduro to Fifty Million Dollars
All Five Trapped Miners Found Dead After El Teniente Mine Collapse
Nationwide Protests Erupt in Brazil Demanding Presidential Resignation
Mystery Surrounds Death of Brazilian Woman with iPhones Glued to Her Body
Absolutely 100% Realistic EVO Series Doll by EXDOLL (Chinese Company) used mainly for carnal purposes
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
California Clinic Staff Charged for Interfering with ICE Arrest
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
×