According to the AA, petrol prices have climbed above 150p per litre on average for the first time in five months, posing additional challenges for drivers.
Diesel prices have also escalated, surpassing 158p per litre, a peak last seen in November, the roadside assistance company reported.
The AA’s analysis was based on petrol pump price data for Monday, gathered from the four largest supermarkets and four major oil companies, covering 2,909 forecourts or about 60% of the UK’s total.
This analysis shows a discrepancy from government data, which derives from two supermarkets and four oil companies and indicates an average petrol price of 149.2p per litre.
The AA also noted that 28.1% of forecourts were charging at least 150p per litre, up from 23.8% a week earlier. AA spokesman Luke Bosdet commented:
“While inflation has been rapidly decreasing, the rebound of petrol prices to 150p a litre presents a significant obstacle. Government data reveals that for the fourth consecutive week, petrol prices have been higher than they were at the same time last year, a situation last observed in February 2023.”
Despite five days of declining wholesale costs and the cooling price of oil, there’s hope that pump prices might stabilize in the near term. Nonetheless, the surge in road fuel prices above 150p a litre is catching the attention of drivers, potentially leading them to cut back further on other expenditures.
