- George Poland
Cost of petrol in UK reaches highest level since 2013
Last week the AA announced that petrol prices are the highest they’ve been since October 2013.
The average price of petrol is now at 133p a litre with diesel prices rising too. The AA says that prices are 20p higher than what they were last November.
The RAC predicts that roads in the UK will be very busy this summer as a result of fewer people travelling abroad.
The inflating fuel costs follow what has been a gradual rise in oil prices which has spread worries over economic inflation.
New figures have shown that inflation across the UK has reached 2.5% in the year to June, which is the highest for almost 3 years.
AA’s fuel price spokesman, Luke Bosdet said “Surging pump prices continue to drain family and other consumer spending.”
“A family with two petrol cars would have spent around £230 on fuel in November had Covid lockdowns not discouraged travel. Now, the monthly cost of refuelling their vehicles is above £265.”
According to the RAC, drivers are planning around 29 million UK holidays this year and the number of people making firm UK holiday bookings has increased by 20% since April.