Home Business NewsBusiness Petrol prices hit new record 165p a litre

Petrol prices hit new record 165p a litre

by LLB Reporter
16th Mar 22 12:26 pm

Petrol prices have hit an average of £1.65 a litre due to a cocktail of factors including the yo-yoing oil prices, inflationary pressures and the Russia-Ukraine tensions.

Latest figures from data firm Experian Catalist showed average diesel prices had hit £1.76 a litre on Tuesday, both of them records, according to Sky News.

RAC fuel spokesman Simon Williams said drivers “badly need a break from these relentless daily rises”.

“With the Spring Statement just a week away, drivers will be looking to the Chancellor to end their misery by cutting duty or VAT.

Williams also said that retailers will “soon start to pass on recent reductions in the price of wholesale fuel”, but warned they are “extremely conscious of protecting themselves from any more rises that could suddenly materialise”.


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