RAC warns diesel could reach 180p per litre by Monday as petrol prices head above 150p amid Middle East conflict
UK motorists have been advised to fill up their vehicles before Sunday – as petrol and diesel costs continue to climb due to the ongoing conflict in the Middle East.
The average price has now surged by more than 14p a litre since the end of February for unleaded – petrol has reached its highest level since June of last year.
Following further increases in fuel costs, RAC head of policy Simon Williams said: “Given how many rely on their cars, households are really feeling the effects of the conflict in the Middle East.
“The average price of unleaded has now risen more than 14p a litre to 147.19p since the end of February, adding £8 to the cost of filling up a family car which currently stands at £81. Petrol was last this high in early June 2024.”
For those operating diesel vehicles, a bleak forecast has been issued for the start of next week – suggesting it may be wise to fill up before Monday.
Mr Williams added: “For drivers of diesel vehicles, the situation is far worse, with a litre up 29p to 171.17p, its highest price for more than three years (mid-January 2023). This means a tank now costs £94, £16 more than it did at the start of the conflict.
“As a barrel of oil has been trading well over $100 for the last three days and looks set to remain at that level, drivers are in for a rough ride at the pumps in the run-up to the Easter break with no end to price increases in sight.
This comes as Allan Leighton, executive chairman of major UK supermarket chain Asda, revealed there had been exceptional demand from motorists in recent weeks – while also aiming criticism at Rachel Reeves.
He said: “Our fuel volumes are up quite significantly and clearly demand has been outstripping supply. Supply is tight and we are all trying hard on that. The issue is a temporary one, and some could see issues when we are waiting for delivery, and we can expect to see that continue.
“The spikiness at the moment makes this tricky for us, as spikes can lead to temporary shortages. These are temporary and are addressed very quickly.”
Source link
