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StatementsFuel prices

Petrol prices hit three-and-a-half year high due to Iran war

Image: Getty - All Rights Reserved
Image: Getty - All Rights Reserved

RAC head of policy Simon Williams said: "In very unwelcome news for drivers the average price of petrol is at its highest since November 2022 as the Iran oil crisis continues. Petrol is 160p-a-litre having increased more than 9p (9.38p) since falling to a low of 150.59p on 6 July. Diesel has now shot up 14.5p since its low point on 9 July to 179p but fortunately is still 12.5p below its conflict high of 191.54p on 15 April.

"This means the cost of filling a family-sized car with unleaded has gone up to £88 while a tank of diesel is £10 more. The wholesale price of petrol eased very slightly this week but is not enough to make a difference at the pumps. Diesel looks set to keep on rising and is likely to reach 185p a litre in the next few weeks, barring any major oil price reduction."

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The RAC is an iconic British driving services brand and has been championing drivers since 1897. Today it is one of the UK’s most trusted names, providing complete peace of mind ® to over 15 million drivers across breakdown cover, insurance, and mobile servicing and repairs.

Its nationwide patrol force attends more than two million breakdowns every year, while its position as the UK’s leading independent insurance broker helps motorists find the right cover with confidence. The RAC has also reshaped the service, maintenance and repair market with its Mobile Mechanics, who carry out servicing and repairs at drivers’ homes or workplaces.

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