UK News

Petrol prices hit new record for eighth day running as average cost of litre reaches 167p

Petrol prices within the UK have hit a new record for the eighth day in a row at £1.67 a litre, whereas diesel additionally reached an all-time excessive at £1.79 a litre.

Motorists have been hit by rising prices at forecourts in current weeks, which has led to warnings the nation might go right into a “de-facto lockdown” as a consequence.

Prices have elevated sharply since Russia invaded Ukraine, with international oil prices spiking.

On Sunday, gas prices rose as soon as once more to achieve a new all-time highs.

Figures from information agency Experian Catalist confirmed the average cost of a litre of petrol at UK forecourts was 167p.

Meanwhile, the average cost of a litre of diesel was 179p.

The RAC informed The Independent petrol prices had hit new highs each day between final Sunday and the one earlier than, whereas diesel prices had hit new data throughout 5 of the final seven days.

Luke Bosdet from the AA stated: “Wholesale petrol and diesel costs started to fall away dramatically on 9 March, yet more than 10 days later prices at the pumps continue to set new records.”

Rishi Sunak, the UK’s chancellor, is reportedly gearing as much as slash gas obligation as motorists grapple with growing prices at pumps.

Simon Williams from the RAC stated “the window for pump prices to come down appears to have been well and truly closed” as each oil prices and wholesale gas prices have been rising.

“While there has been talk of a 5p cut in fuel duty, this may not be deep enough to make a real difference to drivers who are facing the highest ever costs to fill their tanks,” he stated.

Gordon Balmer from the Petrol Retailers Association, which represents unbiased forecourts, stated “we don’t want to charge” record prices as “many of our members know their customers personally”.

Asked if average prices might quickly hit 200p per litre, he informed Sky News that fluctuating wholesale prices imply pump prices “could go up to that level” however this was “very hard to predict” in present cirumstances.

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