London petrol CHEAPER than Euro rivals

London is far from the most expensive city in Europe to buy fuel, reveals a new study – with FIVE major cities boasting fuel prices higher than the UK capital.

Paris, Rome, Amsterdam, Athens and Brussels all have pricier petrol than London, with the most expensive, Rome, retailing unleaded for a full 11p per litre more than the British capital.

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The average London price for a litre of unleaded, shows the survey carried out by Mercer, is £1.36, whereas in Rome it is £1.47.

Even just across the Channel in Paris, petrol costs 4p per litre more than London, while the price in the Euro heartland of Brussels is £1.43 per litre.

However, in many countries, diesel is actually cheaper than petrol: in the UK it is more expensive. This means that London is much less competitive in terms of diesel prices, and thus actually ranks as one of the most expensive cities to buy a litre of diesel.

What’s more, even London petrol prices have a long, long way to go in order to match the cheapest cities in the survey. In Moscow, a litre of petrol costs just 61p, and in New York, it costs 70p.

In one of the largest cities in the world, Shanghai, a litre of petrol costs 83p per litre.

In April this year, fuel prices in the UK hit a record high, with petrol hitting £1.42 per litre and diesel reaching £1.47 per litre. Prices have since fallen, despite a blip caused when fuel tanker drivers threatened to strike.

Indeed, prices may be set to fall further in coming days, as Asda becomes the latest supermarket to announce big cuts in fuel prices.

Petrol at Asda filling stations will now cost less than £1.30 from today – with Tesco and Sainsbury’s announcing similar cuts.

The last time petrol cost less than £1.30 a litre was back in February.

Fuel prices: everything you need to know

The world’s highest petrol prices

Top 10 most economical cars