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StatementsFuel prices

RAC warns pump prices set to rise once again

Image: Getty. All rights reserved
Image: Getty. All rights reserved

Following new data showing pump prices are rising as a result of the ongoing US/Iran conflict, RAC senior policy officer Rod Dennis said:

“The cost of a barrel of oil has traded above $94 all week – the first time since before the summer – meaning there is now upward pressure on wholesale fuel prices. This almost certainly means drivers will start paying noticeably more at the pumps in the coming weeks. Indeed, both petrol and diesel are already up by around a penny a litre since last weekend.

"While the average price of a litre of unleaded currently stands at 163.36p – the highest since the start of the Iran conflict – and diesel at 184.99p, we are thankfully still some way off the highest prices we saw following the onset of Russia’s war on Ukraine. Nonetheless, with household budgets continuing to feel the squeeze the outlook for those that depend on the car isn’t looking good at all.

“Drivers can ensure they pay not a penny more for fuel than they need to by using free apps like myRAC to find the cheapest place to fill up wherever they are.”

 

Find out more about fuel prices with RAC Fuel Watch

 

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About the RAC

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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