Average petrol price reaches record high £1.65 per litre
The cost of diesel also went up by 24p in just a month
Last updated 16th Mar 2022
Record fuel prices are concerning drivers as petrol reaches an average of £1.65 per litre.
Figures from data firm Experian Catalist show the average cost of a litre of petrol at UK forecourts has increased by 16p in the past month. The average cost of diesel also went up by 24p in just one month with it now being £1.76 per litre.
That has made the cost of filling a typical 55-litre family car nearly £9 more expensive.
Drivers need a break from these relentless daily rises
RAC fuel spokesman Simon Williams said drivers "badly need a break from these relentless daily rises".
Oil prices surged immediately after Russia's invasion of Ukraine but declined last week, leading to a cut in wholesale costs.
Mr Williams expressed hope that retailers will "soon start to pass on recent reductions in the price of wholesale fuel", but warned they are "extremely conscious of protecting themselves from any more rises that could suddenly materialise".
He added: "With the Spring Statement just a week away, drivers will be looking to the Chancellor to end their misery by cutting duty or VAT.
"One thing's for sure: simply reiterating that fuel duty has been frozen at 58p a litre simply isn't going to cut it."