Data supplied by Catalist Ltd
Hopes of a recovery in European products demand through the second quarter and into the summer months are being dashed by a rise in Covid-19 cases on the continent, and an increase in movement restrictions to combat the virus’ spread.
March saw the fifth straight month of petrol and diesel price increases at UK forecourts, with prices up another 2.7ppl and 2.4ppl respectively and both fuels now costing the same as they did in February 2020, according to new data from RAC Fuel Watch.
The average price of fuel on the UK’s forecourts rose by 3p a litre in February, according to data from RAC Fuel Watc
Low refinery runs and firm export demand have tightened European road fuel supply this winter, even as strict Covid-19 travel restrictions returned. European refineries responded to the return of Covid restrictions by slashing runs on an unprecedented level.
Fuel prices - January 2021
After three consecutive months of rising costs at the pumps, the average price of both petrol and diesel stayed the same in September, according to analysis by RAC Fuel Watch.
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