The average price of a litre of petrol has hit its highest level since last September, with drivers having now endured five consecutive months of price rises, according to new data from RAC Fuel Watch*.
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Motorists are experiencing continued pain at the pump, with petrol and diesel prices rising for the fourth straight month, according to new data from RAC Fuel Watch. Unleaded petrol is now 5p per litre more expensive than at the start of October, while diesel has increased by 6p per litre.
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The RAC has given drivers the power to always be able to find the cheapest petrol and diesel wherever they are by launching the most up-to-date, freely available fuel finding app in the UK.
RAC Fuel Watch data shows diesel fell from 158.91p to 146.99p cutting the cost of a full 55-litre family car fill-up by £6.50 while petrol reduced by 3p from 146.35p to 143.26p – a saving of £1.70 a tank compared to the start of the month.
Diesel also dipped below 155p a litre by hitting 154.31p on Sunday, taking it to its lowest since 28 February last year.
The average price of petrol stands at 146.63p while diesel is 164.26p despite both fuels selling for around 114.5p on the wholesale market. In fact, on two days last week wholesale diesel was cheaper than petrol.
Despite both crude oil and wholesale diesel costs – the prices retailers pay for the fuel – reaching their lowest points in 15 months, major retailers are still refusing to cut pump prices in any meaningful way.
Figures from data company Experian show UK forecourts were charging an average of 169.9p per litre on Monday.
Owners of diesel vehicles have been hit by the third biggest monthly rise in fuel prices on record.
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The RAC claimed significant reductions in wholesale costs for petrol mean companies have a “clear opportunity” to stop continuously hiking pump prices.
Figures from data firm Experian show the average price of a litre of diesel at UK forecourts reached a new high of 197.1p on Tuesday.
The cost of petrol and diesel continued its ‘stratospheric’ rise on Thursday. The RAC said that the average cost of unleaded reached 187.51p a litre, with diesel hitting 194.17p. It means that the cost of filling an average 55-litre family car will now cost £103.13 and £106.79 for petrol and Read more…
Average fuel prices will hit £2 per litre this summer, motorists are being warned.
Figures from the RAC Fuel Watch show that the price of a litre of unleaded rose from 162.87p at the start of the month to 174.02p by the end. This was less than a penny short of the overall monthly increase recorded in March.
Motorists have been hit by fuel prices reaching record highs.
The RAC Fuel Watch said the wholesale cost of petrol fell 10p in November to its lowest level since September, but the price on forecourts continued to rise, hitting record levels of 147.72p per litre.
RAC Fuel Watch data shows the average price of petrol has topped 146p a litre for the first time ever. Diesel is also at an all-time high of 149.66p.
The month saw the largest increase in the price of unleaded since January, putting the average price of a litre of fuel at 135.13p – a price not seen since late September 2013.
The cost of filling up a typical 55 litre petrol family car has since risen by around £13, PA has revealed, with petrol prices reaching a two-year high.
Rising fuel prices have reached pre-pandemic levels, hitting drivers venturing out on the roads over Easter.