Massive jump in fuel prices over bank holiday

Fuel prices have risen dramatically again over the bank holiday, setting new records.

An average tank of petrol now costs nearly £98 (£97.83) while diesel has topped the £100 mark and is nearly £102 (£101.81)

The average price of petrol has rocketed nearly 4p a litre since the end of May, standing at a “frightening” 177.88p according to the RAC, while diesel is now 185p, an increase of 2p already this month.

It means an average tank of petrol now costs nearly £98 (£97.83) while diesel has topped the £100 mark and is nearly £102 (£101.81).

With oil above $120 a barrel and sterling still at $1.20, worse is still to come, according to the RAC.

Fuel spokesperson Simon Williams said: “Sadly, we expect to see the average price of petrol break through the 180p mark this week with diesel moving further towards 190p.”

The motoring organisation said that more radical government intervention was urgently needed, whether that’s in the form of a further reduction in fuel duty or a VAT cut.

“As it is, drivers surely won’t be able to cope unless something is done to help. This is fast becoming a national crisis for the country’s 32 million car drivers as well as countless businesses,” added Williams.

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Natalie Middleton

Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.