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'Bad News' for Drivers Ahead of Bank Holiday as Petrol Prices Rise Again
The RAC said motorists have paid an extra £2.9 billion since Middle East tensions began, and petrol could soon reach 160p a litre.
- UK petrol prices reached 158.5p per litre, marking their highest level since December 2022, according to the RAC.
- Conflict in the Middle East on February 28 triggered the initial surge, with global oil prices remaining above $100 USD a barrel since late April, sustaining upward pressure.
- The RAC Foundation estimates rising fuel costs have added around £2.9 billion to motorists' bills, while RAC analysis indicates unleaded could hit at least 160p per litre in coming weeks.
- Chancellor Rachel Reeves is expected to abandon plans to increase fuel duty later this week, as ministers face pressure to avoid adding further costs for drivers.
- Samuel Mather-Holgate, Managing Director & IFA at Mather and Murray Financial, warns drivers are already seeing £2 per litre at some stations, with costs likely escalating further in coming weeks.
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32 Articles
32 Articles
Oxford Mail+3 Reposted by 3 other sources
UK drivers warned over soaring fuel prices amid heatwave
UK drivers have been warned about soaring fuel prices ahead of a heatwave over the bank holiday weekend.
·Oxford, United Kingdom
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Coverage Details
Total News Sources32
Leaning Left3Leaning Right0Center25Last UpdatedBias Distribution89% Center
Bias Distribution
- 89% of the sources are Center
89% Center
11%
C 89%
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