Pump prices rise again

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Responding to the rise in oil prices after US and Iran attacks, RAC head of policy Simon Williams said: "Pump prices have started rising again on the back of last week's increase in the cost of oil, meaning the savings drivers have been benefitting from recently could start to disappear. The average price of unleaded had fallen 9p from an Iran war high at the end of May of 159.53p to a low of 150.59p on 6 July but over the weekend has gone back above 151p (151.19p). Diesel has also begun to tick up from its conflict low of 164.52p to 164.85p today (Monday), having come down 27p since hitting 191.54p in mid-April.

"Drivers embarking on their summer getaways may well see slightly higher forecourt prices again, with both petrol and diesel likely to go up a couple of pence a litre more in the next week or so. The fate of pump prices here in the UK once again rests on whether there are further attacks between the US and Iran."

 

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Fuel prices rise by a penny in 24 hours
RAC head of policy Simon Williams said: “Average pump prices have jumped by yet another penny in just a day. Petrol has now broken through the £1.70-a-litre barrier and stands at 170.54p – its highest since 23 August 2022 – and diesel has risen to 192.86p – its highest since 29 July 2022. Unfortunately for hard-pressed drivers, prices look set to keep on rising due to the cost of a barrel of oil consistently trading over the $100 mark.
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Fuel prices hit new Iran war high
RAC head of policy Simon Williams said: "Fuel prices hit new Iran War highs on Monday with petrol climbing 169.68p and diesel hitting 191.68p, surpassing Sunday's petrol high of 169.52p and the diesel high of 191.54p set on 15 April. This takes the cost of filling up a 55-litre family car with unleaded to over £93 and diesel to more than £105.
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