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StatementsFuel prices

RAC statement on impact of Gulf situation on UK pump prices

Image: Getty. All rights reserved

Following events in the Middle East and reflecting on the possible impacts on UK drivers, RAC head of policy Simon Williams said:

“While the conflict in the Middle East undoubtedly has the potential to push up pump prices in the UK, it’s not a certainty. The oil price would have to rise significantly and stay that way for some time to have a dramatic effect.

"Forecourt prices were already on the rise due oil trading nearer to $70 a barrel in the last few weeks. Regardless of the current situation, petrol rose by a penny a litre in February and is likely to go up by another penny in the next week or so to an average of 134p a litre.

“If oil were to climb to and stay at the $80 a barrel mark, then drivers could expect to pay an average of 136p for petrol. At $90, we’d be looking at over 140p a litre and $100 would take us nearer to 150p, but it’s all too soon to know.”

Current average UK pump prices according to RAC Fuel Watch: petrol 132.83p, diesel 142.38p

Link to RAC Fuel Watch for more pricing analysis

 

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RAC head of policy Simon Williams said: "Fuel prices continue to fall on the back of oil being under $100 for the last nine trading days. The average price of petrol has dropped nearly 2p a litre (1.6p) to 157.93p since peaking on 28 May at 159.53p. The diesel story is even better with the average price reducing by 11p (10.62p) to 180.92p since 15 April (191.54p), its lowest since the end of March but still 39p higher than when the war started.
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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.

Committed to innovation, the RAC is fully electric ready with mobile EV charging technology for stranded drivers, and a suite of digital and data‑led solutions that make motoring easier and more affordable for consumers and fleets. These services come together in myRAC – the all‑in‑one app for vehicle maintenance, cheaper fuel finding and breakdown assistance.

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