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Petrol costs to go up, up, up

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Petrol-pump

Petrol prices have hit an 18 month high with drivers shelling out 3p a litre more for unleaded and diesel.
Figures from the RAC reveal soaring oil prices hammered UK drivers over Christmas as the cost of a barrel rocketed by almost 12% from $49 in November to $54.86 in December.
And it is urging motorists to brace themselves for another round of rises of up to 3p if oil hits $60 a barrel this month.
According to RAC Fuel Watch, in December unleaded was at 117.23p a litre compared with 114.24p and diesel was 119.63p a litre compared with 116.56p the previous month.
It put almost £2 more on the cost of filling up an average family hatchback.
And compared with this time last year when oil prices slumped to just $26 a barrel, millions are paying £8 a tank more for unleaded and £10 more for diesel.
The South East is the most expensive area for both petrol and diesel at 117.84p a litre and 120.28p a litre respectively.
And while Northern Ireland is the cheapest for both, within England, Yorkshire and Humber has the cheapest unleaded at 116.81p a litre and the lowest priced diesel at 119.29p.
RAC fuel spokesman Simon Williams said: “The rising oil price is bad news for motorists as it caused a nasty jump in pump prices in the most expensive month of the year.
“The big question now is how much further are they likely to go up, particularly in the long January wait to the next payday.”
Mr Williams said a penny a litre increase was on the cards in the next two weeks.
But he warned pump prices could soar by up to 3p a litre and added: “If in the months ahead the barrel price was to get nearer to $60 and the pound was to weaken further then that would be the worst possible combination for motorists.”

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Petrol costs to go up, up, up Reviewed by on .

Petrol prices have hit an 18 month high with drivers shelling out 3p a litre more for unleaded and diesel. Figures from the RAC reveal soaring oil prices hammered UK drivers over Christmas as the cost of a barrel rocketed by almost 12% from $49 in November to $54.86 in December. And it is urging

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