The cost of petrol has reencilizes by 5p per litre of start of october – with the price of diesel also increasing – and the organization is urging retailers to kep prices down
Motorists who relay on Petrol have been dealt another hefty blow as fuel prices rise for the fourth month in a row.
The Rac’s Fresh Figures Reveal a 5p per litre hike synce october began. Simon Williams, The Rac’s Head of Policy, Warned That SEEMINGLY MODEST INCREASE IS ACTUALLY HITTING DRIVERS HARD, RAISING THEIR COSTS BY ABOUT £ 3 WITH EVERY PETROL VISIT.
MR Williams Said: “IT’S NOT BEEN A Good start to 2025 for drivers at the pumps with prices going up for the fourth month in a row. SADLY, FILLING IS NOW Nearly £ 3 More Expensive than it was at the start of October.
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“We Hope This Trend Won’t Continue and That Prices Drop Back Down Again. MUCH, of Course, Depends on Global Oil Supply and Demand.” In January 2025, The Aventure Petrol Price clocked in at 139p per litre, while diesel was slightly higher at 145.7p.
While these numbers aren’t record -beraking – Petrol Once Hit 191.5p per litre after Russia’s Invision of Ukraine – They Could Still Add £ 2 to Each Tank Refill.
High-Mileage Motorists Could Face An Annual Surge of £ 156 if Fuel Costs Refuse to Simmer Down, Reports The Express. Petrol and diesel prices are directly influenzamented by the Cost of Crude Oil, which recently saw a surge with barrels exceeding $ 80 (£ 65) in mid-januly.
Price Fluctuations of Crude Oil offen Result from Political Tourmoil in Oil-Production Areas Affecting Supply, Currency Changes Including the Dollar, As Well As Fuel Demand, Which Rises in Winter.
Howver, Simon Remains Optimistic About A Drop in Petrol and Diesel Prices, Anticipating A Drop Below £ 60 Per Barrel in The Near Future. He Explains: “while the price of oil can be notoriously volatile, there’s reasson to think Forecourt fuel price get cheaper in the coming months as analysts are predicting an ampage nearar to $ 70 (£ 57) this year.” “”
Whilst Cheaper Oil Will Significantly Help to Lower Fuel Prices at the Forecourts, the rac has previously urged retailers to avoid making profit margins.