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12th June 2008

Diesel remains the cost effective fuel of choice for company cars despite the looming £6 gallon and a widening pump price differential with unleaded petrol, according to an analysis by All In One Leasing.

Whether opting for a Ford Focus - Britain's best-selling car - or a Mercedes-Benz S-Class, the fuel economy offered by diesel derivatives more than compensates for the huge increase in pump prices and the 60p a gallon (13p a litre) difference in average UK forecourt prices for the two fuels.

Add in the fractionally higher leasing cost for a diesel model at the benchmark three years/60,000 miles, and take account of both the lower personnel benefit-in-kind tax of diesel models and corporate National Insurance contributions and diesel continues to trump petrol equivalents.

Tony Williams, managing director of All In One Leasing, a wholly-owned subsidiary of the £480 million UK Car Group, one of the UK's largest buyers and retailers of quality new and used motor vehicles through 10 nationwide hypermarkets, said: "Diesel has been the fuel of choice of the majority of company car fleets in recent years as a result of the twin benefits of lower CO2 emissions and better MPG than petrol equivalents.

"However, rocketing fuel prices and, particularly, the widening price differential at the pumps, has resulted in many of our leasing customers questioning whether diesel models remain financially viable. Our analysis reveals that while the fuel benefits have been significantly reduced, fleets that remain loyal to diesel will still save money - at the moment."

For the full release please click here

To see Petrol v Diesel Cost Comparison Chart June 2007/08 click here

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