Home Business News Pump prices have soared in recent weeks

Pump prices have soared in recent weeks

by LLB Reporter
30th Apr 19 3:12 pm

Motorists have been hit with high fuel prices which are adding up to £3 to the cost of filling up at the pumps.

Since 18 March the average price of a litre of petrol has gone up by 6p to £1.26 and diesel has risen by 4p to £1.35.

The Department for Business, Energy and Industrial Strategy (BEIS) published data that shows to fill a 55 litre family petrol car typically costs £69, and for a diesel car it costs £74.

For 14 consecutive weeks dating back to mid January prices for diesel has gone up and petrol has risen the last 11 weeks.

RAC fuel spokesman Simon Williams said, “The last six weeks have been tough for drivers as the price of petrol and diesel has rocketed.

“While rises like this hurt family budgets and have a negative effect on the economy, they are largely out of the UK’s control as they are driven by global and geopolitical issues.

“That said, around 60% of the prices currently being charged at the pumps goes to the government in tax.

“US sanctions on Iran and oil producer group Opec’s decision to further limit supply has pushed up the barrel price to above $70.

“All drivers can do is hope the situation doesn’t get any worse, as the price of petrol is nearing the five-year high of October last year when it hit £1.32 a litre.

“The best advice to drivers is to shop around for the lowest prices as this can make a big saving on a complete fill-up.”

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