Fuel price rises show "just how exposed UK drivers are to global events affecting the cost of oil"
With data showing UK fuel prices once again increasing, RAC head of policy Simon Williams said:
"Just three weeks ago we were celebrating the biggest ever monthly drop in the price of diesel and now it's gone up 4p in 10 days to 168.55p. The average price of petrol is also up nearly 3p a litre at 153.46p. This is an example of just how volatile fuel pricing can be and how exposed UK drivers are to global events affecting the cost of oil. On 6 July a barrel of oil was trading for a little over $70, now it's once again teetering on the brink of $90.
"If drivers weren't hot enough under the collar already from the heatwave and school holiday traffic, the chances are they will be the next time they visit the forecourt. Without the oil price settling far lower than it is now, it looks like unleaded will soon breach the 155p-mark and diesel will climb back towards 174p."
Press team
