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Fuel prices hit three-and-a-half year high with more rises to come

Petrol and diesel pump prices have hit a three-and-half year high, but are expected to increase by another 2ppl in the next fortnight, according to the RAC.

PRA chairman Brian Madderson
PRA chairman Brian Madderson
  (Photo:  )

PRA warns fuel prices could rise towards record levels

The PRA has warned that fuel prices could rise sharply, and could even head towards record levels, after president Trump’s decision to terminate the Iran nuclear agreement added to pressures driving up oil prices.

fuel pumps

April sees sharpest rise in prices at the pumps in 16 months

April saw the biggest increase in petrol and diesel pump prices for 16 months, with both fuels going up nearly 3ppl.

Transport secretary Chris Grayling
Transport secretary Chris Grayling
  (Photo:  )

Transport secretary calls for probe into motorway fuel prices

The transport secretary Chris Grayling has called for an investigation into “exploitative” motorway fuel prices in a letter to the Competition and Markets Authority (CMA).

fuel pumps

Fuel prices fall after three months of increases

February ended three consecutive months of petrol and diesel price increases with 2ppl coming off the average price of both fuels during the course of the month, data from RAC Fuel Watch reveals.

motorway price signs

Plan for petrol price signs on motorways abandoned

Motorway fuel price signs will not be rolled out across the network, after a pilot scheme failed to deliver the hoped for benefits, Highways England has announced.

Asda cuts fuel prices after RAC calls for reduction

Asda has cut is fuel prices with petrol price cap down 2ppl to 116.7ppl and diesel down 1ppl to 118.7ppl from this morning. When previous cuts have been made the other supermarkets have followed within hours.

Asda logo

Asda cuts price of petrol and diesel

Asda has cut unleaded petrol and diesel prices by “up to 2ppl” just one day after the RAC told supermarkets there was scope for 3ppl cut.

fuel pumps

RAC urges supermarkets to cut fuel prices by 3ppl

The RAC is urging supermarkets to cut the price of fuel by 3ppl following a $5 fall in the price of a barrel of oil.

petrol pumps

Supermarkets fuel price rises outstrip market for second month

Fuel price rises in January by the big four supermarkets outstripped the rest of the market for the second month running, according to RAC Fuel Watch data.

PRA chairman Brian Madderson
PRA chairman Brian Madderson
  (Photo:  )

PRA warns petrol price could rise to 130ppl

The PRA has warned independent forecourt operators that a fall in the strength of sterling could potentially see petrol back to 130ppl in the spring.

petrol pumps

RAC warns pump prices are on the way up

The RAC is warning pump prices are likely to rise after the price of a barrel of oil went above $70 on Tuesday January 9, the first time it has reached this level in more than three years.

Supermarkets fuel price rises outstrip market

Supermarkets increased their fuel prices more than the market average in December and motorists began 2018 paying the highest price for unleaded petrol since the end of 2014, RAC Fuel Watch data reveals.

petrol pumps

Price hike forecast after pipeline is shut down

Petrol and diesel prices could rise by as much as 3ppl in the run-up to Christmas, according to the RAC, as a result of a main oil and gas pipeline in the North Sea being shut for emergency repairs.

petrol pumps

Petrol and diesel prices rise to three-year high

Petrol and diesel rose by more than 2ppl in November, taking the average price of both fuels to a three-year high, according to the latest RAC Fuel Watch data.

Tesco petrol filling station

Tesco launches 10ppl discount promotion

Tesco has launched an offer on fuel giving customers a 10p per litre discount fuel when they spend £60 or more in store or on their online groceries.

Charlotte Blum: analysis editor, Argus Media

The international crude and petrol markets that underlie fuel prices in UK forecourts are tightening for separate reasons, keeping prices at the pump well supported.

Charlotte Blum: analysis editor, Argus Media

Global crude oil prices are driving fuel prices at the pump, and all eyes are on Opec's attempts to raise them. There are early signs that production cuts are beginning to bite, but producers are facing an uphill struggle.

  • Weekly
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    wholesale
  • Daily
    Average
Weekly retail fuel prices: 14 May 2018
RegionDieselLPGSuper ULUL
East128.84135.10125.96
East Midlands128.33136.94125.41
London129.1055.90136.92126.40
North East127.83136.82125.23
North West128.1162.90134.96124.90
Northern Ireland127.23130.90124.76
Scotland128.2253.90134.78125.20
South East129.15136.92126.36
South West128.4963.90135.51125.65
Wales127.98132.95125.12
West Midlands127.95135.65125.25
Yorkshire & Humber127.6358.40136.54124.81

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