Fuel prices rise in January
The average price of petrol and diesel increased last month – despite the wholesale price reducing during the month.
According to the RAC, the wholesale price of unleaded fell by over 4p (4.23p), and diesel by a 7.5p, across the month, dropping from 97.22p – before delivery, retailer margin and VAT – at the start of January to 92.98p at the end. Diesel went from 102.26p to 94.74p.
However, retailers put their prices up leading to the second consecutive monthly rise of both fuels: the average UK price of petrol now stands at 127.60p – up a penny (0.92p) from the beginning of January (126.68p). Diesel also increased by a penny (0.96p) to 132.04p from 131.08p.
LCV registrations grow
The UK new light commercial vehicle grew during the first month of the year, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT).
According to the figures, registrations rose by 5.9% in January after three months of decline towards the end of 2019 which the SMMT blamed pent-up demand due to regulatory changes, as well as operators taking advantage of some compelling deals on the latest models.
Small vans weighing less than or equal to 2.0 tonnes and mid-sized vans weighing more than 2.0-2.5 tonnes led the charge, with double-digit growth for both segments at 26.3% and 41.7% respectively. 4x4s experienced a moderate growth of 6.3% while pickup registrations fell by 9.7% and larger vans weighing more than 2.5-3.5 tonnes remain stable at 0.9%.
New CCT issue out now
The latest issue of Company Car Today is available to read for free now.
The Vauxhall Grandland X PHEV is our cover star and is put to the test for the first time, while our Big Test focuses on Skoda’s baby crossover, the Kamiq.
The issue also contains the latest Green Company Car supplement and editor Paul Barker grabs and cuppa and sits down with Nissan’s new fleet boss, Peter McDonald.