Why petrol in the North East is the cheapest yet least affordable in UK

Petrol is the most expensive in London but those in the capital are much better off than those in the North East

The North East has been named as the region where petrol is the least affordable in the UK.

New research has compared the price of a tank with the average wage in parts of the UK and it's bad news for Geordies and those from the area.

Residents in the North East are spending a larger proportion of their take-home income on fuel than any other part of the UK.

The research, conducted by Boiler Central, found the average price for one litre of petrol in the North East to be 183.32.

That figure is the lowest in the UK with Londoners paying the most at 186.04.

However, despite the North East seeing the lowest prices, the average gross weekly wage of £593 is making it the least affordable.

To buy 55 litres of petrol in a week, people of the North East are spending 17% of their income.

In London, despite petrol being more expensive than anywhere else, lofty wages in the capital mean Londoners get the best value with just 11.8% of their salary spent on the same amount of petrol.

A spokesperson for Boiler Central said: “As the cost of living crisis takes its toll on people up and down the country, it is clear to see that there are some regions that are worse affected than others.

"Rising fuel costs have been a particularly harsh contributor to the squeeze, and the slight regional difference in petrol costs is no match for the huge gaps in average wages across the country."