Petrol and diesel prices rise with costs set to | Tech News
Petrol and diesel prices are “on the rise again” with fuel costs heading to the best fee in up to 4 weeks, in accordance to new evaluation from the RAC. The motoring consultants have warned petrol has elevated to 152.54p per litre since July 9, a 2p per litre rise in simply over a week.
Meanwhile, diesel costs are additionally on the up with charges leaping from 164.52p per litre on July 9, to 167p per litre on July 17, a rise of 2.5p per litre. Prices hads been falling, with petrol costs dropping round 9p per litre between the tip of May and begin of July.
Simon Williams, RAC head of coverage burdened that price rises could not finish there, with wholesale costs displaying indicators additional will increase could also be across the nook.
Simon defined: “Sadly for drivers – many of whom will be about to depart for a much-needed summer break – prices at the pump are on the rise again. Since hitting a three-month low on 6 July, petrol has already gone up 2p while diesel has jumped 2.5p in just over a week.
“The average price of unleaded is now 152.54p a litre while diesel is 167p. What’s more, the increases are likely to keep coming thick and fast as the cost of a barrel of oil has gone from the low $70 mark to mid-$80s in just under two weeks.
“Unfortunately, RAC wholesale data analysis shows petrol is heading back to 155p a litre and diesel to over 170p – prices last seen in mid and late June respectively.”
The RAC has defined that the price of filling a 55-litre household car with unleaded now stands at £83.90. Motorists topping their car with diesel are set to pay £91.85.
Conflict in the Middle East saw petrol and diesel fuel bills soar, with motorists still feeling the impacts today. RAC Fuel Watch shows that petrol costs are still 19.7p per litre higher than at the end of February, with diesel now 24.6p higher.
Last week, the International Energy Agency (IEA) warned there could be a petrol and diesel provide crunch due to the influence on refineries if Middle East tensions proceed.
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