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Petrol and diesel prices reach new record high - geemong - 15-02-2022

Petrol and diesel prices reach new record high

[Image: _111639622_petrolpumps.jpg]

Fuel prices have hit a new record high at the pump across the UK, tightening the squeeze on UK consumers, the motoring organisation the AA has said.

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Over the weekend petrol reached 148.02p a litre, while diesel hit a new record high of 151.57p a litre last Thursday.

Fuel previously hit a record in November, before wholesale and retail prices fell back.

"The cost of living crisis has been ratcheted up yet another notch," said Luke Bosdet of the AA.

The RAC's fuel spokesman Simon Williams said the price of filling a 55-litre family car was now an "eye-watering" £81.41.

"With the oil price teetering on the brink of $100 a barrel and retailers keen to pass on the increase in wholesale fuel quickly, new records could now be set on a daily basis in the coming weeks," he said.

Fuel prices at the pump are driven largely by the wholesale price of energy which has shot up due to tensions over whether Russia will invade Ukraine.

On Monday, oil prices hit their highest level since 2014, reaching $95.56 a barrel.

If the situation in Ukraine deteriorates, oil and gas supplies from Russia to Europe may be interrupted, pushing up wholesale prices further.



RE: Petrol and diesel prices reach new record high - kristina001 - 15-02-2022

Fuel costs have hit another record high at the siphon across the UK, fixing the press on UK shoppers, the motoring association the AA has said.

Throughout the end of the week petroleum arrived at 148.02p a liter, while diesel hit another record high of 151.57p a liter last Thursday.

Fuel recently hit a record in November, before discount and retail costs fell back.

"The typical cost for basic items emergency has been tightened up one more indent," said Luke Bosdet of the AA.

The RAC's fuel representative Simon Williams said the cost of filling a 55-liter family vehicle was currently an "eye-watering" £81.41.


RE: Petrol and diesel prices reach new record high - xandrene - 07-01-2024

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