Rising fuel prices have reached pre-pandemic levels, hitting drivers venturing out on the roads over Easter.
With the price of a barrel of oil back up to January 2020 levels and some analysts predicting prices could hit $80 this year as pandemic restrictions ease
The average price of a litre of fuel rose by 2p in December as three major supermarkets increased their prices.
Fuel prices remained almost unchanged in November despite a barrel of oil shooting up $10 to $46 a 27% monthly rise, data from RAC Fuel Watch shows.
Low demand for oil in October should lead to fuel cuts of up to 5p per litre within the next two weeks, according to the RAC.(more…)
September saw the end of three consecutive months of rising fuel costs, according to data released today.
The price of petrol and diesel rose for the third month in a row – though figures suggest that they aren’t rapidly approaching pre-pandemic levels.(more…)
Petrol prices went up 3.74p per litre, from an average of 107.11p to 110.85p, while diesel was up 2.89p per litre, rising from 112.07p to 114.96p.
Drivers should brace for a rise in fuel prices despite continued falls in May, new data suggests.
The average cost of filling up a car with unleaded petrol has dropped to its lowest level since May 2016, as a result of the historic oil price falls caused by the coronavirus outbreak, data from RAC Fuel Watch shows.
February saw the price of petrol and diesel tumble making for some of the biggest monthly reductions seen since the start of 2000, according to data from RAC Fuel Watch.(more…)
Despite the wholesale cost of petrol and diesel falling in January, the average prices charged at the pumps of the UK’s four biggest supermarkets actually increased every day until a cut was finally announced at the end of the month, according to data from RAC Fuel Watch.
Outlook for the start of 2020 is likely to be higher prices after December’s supermarket ‘fuel price war’ ended after just two weeks.(more…)
November made it four months of successive reductions in the average price of UK petrol, with a litre of unleaded falling half a pence (0.48p) to 125.93p.(more…)
The RAC is urging fuel retailers big and small to reflect the drop in the wholesale price of unleaded with a significant cut at the pumps.
Petrol prices fell in September despite fears that refinery fires in Saudi Arabia would cause costs to soar.
The latest RAC Fuel Watch data shows that there was a small reduction in average costs around the country in August but this did not reflect the larger wholesale savings
After a month of falling fuel prices in June, July saw both petrol and diesel rise once again as the pound lost 3% on the dollar, data from RAC Fuel Watch reveals.