RAC warns of cost of a litre of fuel hitting £2

Image: Getty

As prices at the pumps again reach new highs, RAC fuel spokesperson Simon Williams said:

“The cost of filling a 55-litre family car with petrol has now topped £98 for the first time in history as a result of a litre hitting a new all-time high of 178.5p on Monday. Diesel also rose to yet another record by reaching 185.2p which takes the cost of a tank to £101.86.

“With analysts predicting that oil will average $135 a barrel for the rest of this year drivers need to brace themselves for average fuel prices rocketing to £2 a litre which would mean a fill-up would rise to an unbelievable £110.

“The oil price is rising due to increased demand for fuel across the world as China eases its Covid restrictions and America and Europe go into the peak summer driving season. All this combined with a weaker pound at $1.2 means wholesale fuel costs more for retailers to buy. The wholesale price of diesel is fast approaching 160p a litre which, when you add 7p retailer margin and 20% VAT, would take the pump price over the £2 mark.

“We strongly urge the Government to take drastic action to help soften the impact for drivers from these never-before-seen pump prices.”

Find out more about petrol and diesel prices with RAC Fuel Watch. The RAC now also tracks the cost of rapid-charging electric cars, via RAC Charge Watch.

Press office team

Press office team

For journalist enquiries only

Share

Latest stories

Website preview
RAC and RSTA call on Government to mandate preventative road maintenance training 
The RAC and the Road Surface Treatments Association (RSTA) have today written to the Government calling on it to introduce mandatory training for councils who carry out little or no maintenance to prevent potholes forming.
media.rac.co.uk
Website preview
Fuel prices fall in August after two months of rises - but drivers continue to pay over the odds at the pumps
Average pump prices fell by less than a penny in August ending two months of rises, new analysis by RAC Fuel Watch has found.
media.rac.co.uk
Website preview
Drivers divided on how to tackle pavement parking in England – but most want action
UK Government due to announce next steps on tackling problem pavement parking in England
media.rac.co.uk

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

About RAC Media Centre

The RAC Media Centre provides journalists and news outlets with the latest motoring-related news, comment, data and research.

The RAC is an iconic UK brand, and provides complete peace of mind to 15 million UK private and business drivers - whatever their motoring needs. As well as its premium nationwide breakdown assistance service – with an expert branded patrol workforce attending more than two million breakdowns every year – and European breakdown assistance products, it offers a wide range of market-leading products across insurance, legal services, vehicle inspections and service, maintenance and repair. Included in this is the first-of-its-kind nationwide Mobile Mechanics service which brings the garage to homes and workplaces. 

At the forefront of new solutions for business fleets and consumers, the RAC’s breakdown service is electric-ready with mobile EV charging technology and be called on using myRAC – its all-in-one route planner, fuel finder and breakdown reporting app

Contact

press.office@rac.co.uk

media.rac.co.uk