Record consecutive daily diesel rises but fuel prices begin to slow

With the latest average fuel price figures released, RAC head of policy Simon Williams said:

"The average prices of both petrol and diesel have now increased every day for the last 40 days. For diesel this is a new record for consecutive daily prices rises since 2015 and for petrol it matches the run of rises seen at the end of June 2022. A full tank of diesel for a 55-litre family car is now £105.22, up £27 since the end of February. The cost for a similar petrol car is now £87, £14 more than it was before the conflict began.

"More positively, as we predicted earlier this week, the rate of price increases has slowed due to oil falling back below $100 for the last two days. This has reduced wholesale costs which should, if sustained, lead to the price of petrol coming down. So, as things stand, we really shouldn't see unleaded rise any further for the time being and the record diesel price of 199p now shouldn't be surpassed."