Petrol Prices Surge to Five-Month High
UK drivers are feeling the pinch as petrol prices spike sharply. Since January, petrol costs have jumped 8p per litre. Government figures reveal a 1.6p rise in just one week, pushing the average petrol price at UK pumps to a five-month peak of 148.5p per litre.
Diesel Prices Also Hit New Heights
Diesel isn’t escaping pain either. Average diesel prices have climbed to 157.5p per litre, their highest since November 2023. Motorists filling up with diesel are seeing fuel costs soar alongside petrol.
Experts Warn Prices Could Rise Even Further
Simon Williams, RAC’s fuel price spokesperson, said: “This year is proving to be another tough one for drivers. Both petrol and diesel are now the most expensive they’ve been since November last year, hitting wallets hard.”
Williams warned that the recent Middle East tensions could push oil prices higher, driving petrol beyond 150p per litre and diesel close to 160p. He blamed retailers for hiking prices with bigger profit margins.
Luke Bosdet from the AA added fuel to the fire, highlighting the psychological blow of petrol approaching the dreaded 150p mark. He pointed to inflation and growing demand ahead of the US driving season as extra pressure points pushing prices up.
Motorists Brace for a Costly Summer
With fuel prices on a fast upward trajectory, UK drivers face a tough summer. Increased costs threaten households, businesses, and the broader economy. The pain at the pumps looks set to deepen as inflation bites and global tensions rumble on.
