UK Pump Prices Rise Again as Crude Oil Costs Increase - Share Talk

UK Pump Prices Rise Again as Crude Oil Costs Increase

UK petrol and diesel prices have started to rise again as higher crude oil prices feed through to wholesale fuel costs.

Brent crude was up 3.4% at US$78.62 a barrel, adding fresh pressure to forecourt prices.

The RAC said average unleaded petrol had fallen from 159.53p a litre at the end of May to a low of 150.59p on 6 July, but has since climbed back above 151p to 151.19p.

Diesel has also edged higher, rising from a recent low of 164.52p to 164.85p a litre, although it remains well below the 191.54p peak recorded in mid-April.

The AA reported similar figures, with petrol rising from a six-week low of 150.7p to around 151p a litre, while diesel edged up to 164.9p.

RAC head of policy Simon Williams warned that the recent savings enjoyed by drivers could begin to disappear.

He said petrol and diesel could rise by a further couple of pence per litre over the coming week, with future prices likely to depend heavily on whether tensions between the US and Iran escalate further.


Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com 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