Petrol went up nearly 2p (1.86p) a litre in March from 144.62p to 146.48p meaning the average price at the pumps has increased almost 6p since the start of the year, data from RAC Fuel Watch reveals.
Unleaded falls by 2p a litre but RAC data shows price of unleaded should have come down by 12p
Both petrol and diesel now 30p a litre more expensive than a year ago, adding £16.50 to a fill-up
July saw the biggest monthly rise in the price of petrol since January 2021
Three of four supermarket retailers increase their prices by 3p a litre despite wholesale price only rising by just over a penny a litre
Virtually static petrol prices last month should give way to pump price cuts of up to 5p per litre within the next two weeks
Prices remained static in September, but diesel is 8p a litre more than it should be if retailers passed on wholesale price savings
RAC Fuel Watch data shows July was another bad month for drivers with petrol and diesel going up by 3p a litre - petrol is now at 114.27p, that's 7p a litre more expensive than at the end of May. Diesel is 118.04p - 6p dearer than May.
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
Amid exceptional circumstances, UK petrol prices fell by their largest margin in 12 years in March, triggered by a complete collapse in the world oil price, new RAC Fuel Watch data shows*.
While the price of a barrel of crude oil began the month above $50, by the end of March it had plummeted by 66% to under $18, its lowest level in 18 years. This was due to a combination of plunging demand in
As the oil price falls due to oversupply and the impact of the coronavirus outbreak, the RAC expects UK fuel prices to drop considerably in the coming days
RAC Fuel Watch data shows petrol and diesel fell dramatically in February, but retailers still need to cut their prices more due to the oil price slump.
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