Data supplied by Catalist Ltd
Average retail prices for petrol and diesel increased during November and reached record highs with petrol at 147.72ppl on November 21 and diesel having reached 151.1ppl a day earlier, according to analysis by RAC Fuel Watch.
Gains in fuel prices have been driven by a surge in crude prices, but early signs suggest the demand of road fuels is fading.
FairFuelUK has renewed its call for a cut in fuel duty, pointing out that the Treasury is currently receiving a windfall from the record high prices for petrol and diesel.
The health of the European refined products market is steadily improving as vaccine roll-outs continue to gather pace and demand slowly returns, but plenty of hurdles remain before the industry can breathe a sigh of relief.
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
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