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UK Drivers Face Soaring Petrol Costs
9 Sep
Summary
- Average petrol prices increased by 5p per litre in one week.
- Global oil prices have returned to $100 a barrel.
- Drivers are paying more due to Middle East conflict disruptions.
The average price of unleaded petrol in the UK has seen a sharp increase of 5p per litre within the past week, reaching 167.17p. Diesel prices have also risen by 5p, now costing 188.63p per litre. This significant hike is the largest weekly jump since April and reflects the global impact of ongoing conflict in the Middle East.
Fuel prices have been on a steady ascent since late February, with hostilities severely disrupting crude oil supplies, a vital component for petrol and diesel. The global benchmark for oil, Brent crude, has now surpassed $100 a barrel for the first time since July.
Recent events, including US forces striking Iranian tankers and attacks on Saudi oil facilities by Yemen's Iran-backed Houthi movement, have escalated tensions and further impacted supply chains. RAC senior policy officer Rod Dennis noted that UK drivers are highly exposed to events occurring thousands of miles away. The increased cost of filling a family car has risen by £2.75 over the week.
Dennis advised motorists to drive as efficiently as possible and to locate the most affordable fuel stations. The current petrol price is comparable to September 2022 levels, though diesel remains slightly below its April peak.
