Petrol drivers hit with £1.50 a litre warning over | Tech News
Diesel drivers face 29p additional expenses (Image: Getty)
Drivers are being warned they could possibly be paying as a lot as £1.80 a litre from Easter because the Iran battle escalates and pushes costs even increased.
The breakdown consultants have right this moment issued a warning over the costs of each petrol and diesel fuel, with the newest estimates recording the associated fee of fuel at 14p more for petrol and 29p more for diesel – with each anticipated to climb even increased by Easter.
The RAC says that households are ‘really feeling the effects’ of the battle within the Middle East, with the average price of unleaded fuel rising by 14p a litre to 147.19p, and the price of diesel has shot up by a staggering 29p a litre to 171.17p, a 29p rise.
Following additional rises within the price of fuel, RAC head of coverage Simon Williams mentioned: “Given how many rely on their cars, households are really feeling the effects of the conflict in the Middle East.
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“The average price of unleaded has now risen more than 14p a litre to 147.19p since the end of February, adding £8 to the cost of filling up a family car which currently stands at £81. Petrol was last this high in early June 2024.
“For drivers of diesel vehicles, the situation is far worse, with a litre up 29p to 171.17p, its highest price for more than three years (mid-January 2023). This means a tank now costs £94, £16 more than it did at the start of the conflict.
“As a barrel of oil has been trading well over $100 for the last three days and looks set to remain at that level, drivers are in for a rough ride at the pumps in the run-up to the Easter break with no end to price increases in sight.
“With the price of petrol likely to go above 150p a litre in the next week and diesel heading to 180p, it’s looking like it will be the most expensive Easter on the roads since the early days of the war in Ukraine in 2022.”
Sir Keir is to chair a meeting of the Government’s emergency Cobra committee on Monday to discuss how to handle the economic impact of the conflict.
The meeting is expected to involve Cabinet ministers including Chancellor Rachel Reeves, Foreign Secretary Yvette Cooper and Energy Secretary Ed Miliband, along with Bank of England governor Andrew Bailey.
The Prime Minister told the Liaison Committee that the Cobra meeting would examine “a wider set of measures for the economy and specific sectors within the economy”, having already introduced assist for properties reliant on heating oil.
He also continued to play down the prospect of fuel rationing, saying the Government had no “meaningful concerns about energy supplies” while acknowledging that the price “fluctuates daily”.
Oil prices have risen above 100 US dollars a barrel since the outbreak of the conflict, sparking concerns about the impact on the cost of living in the UK.
On Monday, oil reached 114 {dollars} a barrel earlier than falling back within the wake of Mr Trump’s announcement of talks to about 101 {dollars}.
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