UK fuel prices are continuing to hit new record highs amid the Ukraine war and there is no end in sight for spiralling costs for motorists.
Figures from data firm Experian Catalist show the average cost of a litre of petrol at UK forecourts on Sunday was 155.62p, whilst the price of diesel is also at a record high of 161.28p.
In 2021the price per litre of petrol and diesel was 124.32p and 127.25p respectively.
Brent crude has now hit $139 a barrel as the US and European allies are considering to boycott Russian oil and gas.
AA fuel price spokesman Luke Bosdet said, “A year ago, with pump prices rising steadily after the pandemic slump, 125p a litre was bad news but 155p was unimaginable.
“Although with every pump price surge a slump eventually follows, notwithstanding the fuel trade’s reluctance to pass on savings quickly, £7 a gallon could well be a watershed moment.”
Howard Cox who is the founder of the campaign group FairFuel has called on the Chancellor Rishi Sunak to cut fuel duty amid the surging prices.
Cox said, “With over half of the cost of a litre of diesel accounted for by tax, we firmly believe that action should be taken to back UK hauliers and keep consumer prices under control through the introduction of an essential user rebate of 15p per litre.
“This step would mirror an approach taken by many other European nations including Spain, France and Italy which has proved successful.”
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