Fuel price rises almost at a halt

As RAC analysis reveals pump prices are stabilising, RAC head of policy Simon Williams said:

"While pump prices have technically risen for a record 43 straight days, the increases have almost ground to a halt. The average price of petrol now stands at 158.27p, only having gone up a quarter of a penny since reaching 158.03p on Thursday. Similarly, diesel is now at an average of 191.5p, having first climbed to 191.11p on Thursday too.

"With dated Brent crude under $100 a barrel for the last three trading days, there's now scope to see prices finally starting to go the other way. But, as always, it's a highly volatile situation with much depending on what happens with the Strait of Hormuz. And, if the oil price was to go back up again this week, any hopes of slight forecourt reductions will inevitably disappear."