Fuel prices see biggest rise in 16 months
Petrol and diesel prices went up by nearly 3p a litre in April, marking the biggest increase for 16 months.
Data from RAC Fuel Watch shows the average price of a litre of unleaded went up 2.74p from 120.46p to 123.20. Diesel rose 2.94p a litre from 123.08p to 126.02p.
The increase is the largest since December 2016 and brings petrol and diesel prices up to levels last seen in mid-November and December 2014. Drivers are now paying 8p more a litre than they did last summer.
The increase follows a 12% surge in the price of oil – driven by a combination of international issues – and was even more marked at the big four supermarkets, which sell the largest volumes and have raised their prices even more steeply. A litre of supermarket petrol went up 3.2p to 120.17p, and diesel by 3.3p to 123p.
RAC fuel spokesman Simon Williams said: “The outlook for fuel prices is not good at the moment as the oil price is well over $70 a barrel, and if the US does try to re-impose sanctions on Iran and supply drops, motorists will end up paying far more at the pumps. Our current two-week prediction is for prices to go up by a penny or so, but this could quickly get worse if oil gets more expensive and the pound weakens any further.”