UK Petrol Prices are Closing in on £100 to Fill Family Cars

According to the RAC motoring organisation, the cost of filling up a 55-litre family vehicle with petrol has reached £98 ($122.58)

According to the group, diesel prices increased by 185.2 pence and unleaded petrol rose to 178.5 pence per gallon in the UK on June 6. Both petrol and diesel are at record highs.

Simon Williams, a spokesperson for the company, stated that analysts predict oil prices will average $135 per barrel over the remainder of 2022. Drivers should be prepared for fuel prices rising to £2 per litre. This would mean that a fill-up would increase to an incredible £110.

The UK’s fuel prices have broken new records in recent weeks. Oil prices have soared since Russia invaded Ukraine. The RAC reported that the US’s opening of the peak summer driving season has boosted demand as well as the lifting of Covid restrictions in China.

At the end of May, diesel fuel costs exceeded £100.

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned

Weekly Newsletter

Sign up to receive exclusive stock market content in your inbox, once a week.

We don’t spam! Read our privacy policy for more info.