New ‘ominous’ RAC May 2026 petrol and diesel price | Tech News
The RAC has issued what it described as an “ominous” warning on Tuesday, as UK motorists brace themselves for yet one more rise in petrol and diesel costs. The rocket-fuelled surge seen over the previous two months, following the outbreak of contemporary battle within the Middle East, had begun to ease in current weeks — although costs stay far above these seen earlier than the substantial positive factors recorded over that period.
Oil price spikes triggered by the warfare within the wake of US and Israeli strikes on Iran on the end of February despatched prices hovering, with petrol climbing round 20p per litre above pre-war ranges and diesel rising by roughly 50p, including a appreciable sum to the price of a full tank.
RAC head of coverage Simon Williams stated: “April proved to be a month of two halves for fuel prices. The first half saw pump prices climb ever higher, with petrol rising nearly 5p to an average of 158.31p on April 15 and diesel by more than 7p to 191.54p.
“But, more positively for drivers, the second half of the month noticed them drop back barely, with petrol coming down over a penny and diesel 3p by the tip of April. Interestingly, we notice that costs in Northern Ireland lowered more shortly in comparison with the UK averages, with unleaded coming down by virtually 4p and diesel by almost 10p a litre.”
However, Mr Williams cautioned that the situation could be about to shift as May gets under way.
He added: “The outlook for the primary couple of weeks of May, nonetheless, is more ominous. Wholesale petrol and diesel costs jumped by round 5p a litre final week and are actually at their highest for the reason that warfare started.
“This hasn’t yet been reflected at the pumps – petrol is up by just a fraction of a penny so far this month and diesel has continued to slowly drift downwards.
“But if oil costs, and in flip wholesale fuel costs, stay at elevated ranges over the approaching weeks, then future price rises at forecourts are all however inevitable. We urge drivers to proceed to buy round for fuel and make good use of free apps corresponding to myRAC to make sure they by no means pay any more than they need to once they fill up.”
Stay forward of the curve with the newest developments within the automotive world! Our web site is your final vacation spot for car information, delivering complete updates, in-depth market evaluation, and skilled insights into the fast-evolving automotive industry. We convey you each day protection on all the things from breakthrough vehicle applied sciences and industry trends to main bulletins which can be driving the longer term of transportation.
Discover how these trends are reworking the highway forward! Visit us repeatedly for partaking and informative content material by clicking right here. Our meticulously curated articles cowl market trends, investment methods, and key milestones in at the moment’s quickly evolving car panorama.
