Home Business NewsBusiness UK fuel prices at new records

UK fuel prices at new records

by LLB Reporter
13th Jun 22 11:29 am

The average price of petrol at the pumps hit 185p per litre on Sunday for the first time ever, while diesel reached a new record of 191.03p on Saturday.

This latest rise piles even more pressure on households and businesses, as pressure mounts on the government to make a further cut to duel duty.

Yesterday, business secretary Kwasi Kwarteng asked the Competition and Markets Authority to conduct an urgent review of the retail fuel sector.

Luke Bosdet, the AA’s fuel price spokesman, says: “Petrol price rises should be grinding to a halt, at least temporarily, by the end of the week. There may still be some forecourts yet to pass on the recent surge in costs.

“If they continue to go up substantially afterwards, we will be intrigued to hear what excuses the fuel trade has this time. If prices keep going up, they will give the Government further justification in its call to the Competition and Markets Authority for an investigation.

“Diesel’s relentless surge in costs remains a nightmare, with its knock-on impact for the cost of delivery of goods and services, and therefore inflation.”

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