Common gasoline costs exceed 150 cents per liter for the primary time since November final 12 months, new figures present.
Information collected by web site Fuel prices On-line reveals typical costs on the pump reached 150.1p per liter on Monday.
The common value per liter of diesel can be at its highest degree since November 2023, at 158.3p.
The rise in gasoline costs in latest weeks has been attributed to the rising value of oil and the weakening of the pound towards the US greenback.
AA gasoline value spokesman Luke Bosdet stated: “Inflation it has been falling at some pace, however the restoration of gasoline to 150 cents per liter leaves an enormous bump within the street.
“Government Information reveals that in the course of the fourth week, gasoline costs had been increased than the identical interval the earlier 12 months.
“This final occurred in February 2023.
“5 days of falling wholesale prices, with the worth of oil coming off the boil, provide hope that costs on the pump could not get a lot worse within the brief time period.
“Nevertheless, street gasoline priced above 150 cents per liter catches the eye of drivers and can lead some to tighten their belts once more concerning different bills.”
The numbers are primarily based on information from the regulator Competition and Markets Authority analyzed by Gasoline Costs On-line.
The AA stated evaluation of virtually 3,000 filling stations confirmed 28.1% had been charging no less than 150 cents per liter of petrol on Monday, in contrast with 23.8% the earlier week.
RAC gasoline spokesman Simon Williams stated: “Motorists at the moment are actually beginning to really feel the ache on the pumps, with a liter of unleaded already rising by greater than 3 cents for the reason that begin of the month and 9 cents for the reason that begin of the month. of the 12 months, including £1.65 and £5 respectively to the price of filling up a typical household automobile.
“There are two causes for this: the rising value of oil and the weakening of the pound, which makes it costlier when retailers come to purchase new gasoline.”
Williams stated a discount in gasoline buying prices from retailers ought to imply that costs on the pump “wouldn’t rise a lot additional, if in any respect”, however warned that “quite a bit relies on the margin these identical retailers resolve to make”.
He added: “Proper now it’s drivers of diesel autos who’ve the precise to really feel aggrieved as the common margin on a liter of diesel is 14 cents, which is effectively above the long-term common of 8 cents.
“Greater margins all the time imply increased costs for drivers.”
