UK Petrol Prices Reach An Eight-Year High
According to the RAC, petrol prices in the UK have hit an eight-year high following nine months of rises.
The RAC has said filling up with petrol will now cost drivers 135.13p per litre. This is the highest price seen since September 2013. On average, filling up a 55-litre vehicle with petrol will now cost £3.08 more than it did at the beginning of June and £11.47 more than it did in July 2020.
Diesel prices have also jumped, with a litre now costing 137.06p on average, its highest price since 2014. On average, filling a 55-litre vehicle with diesel now costs £2.90 more than it did at the beginning of June and £10.46 more than it did this time last year.
Across the country, the East Midlands comes in as the region with the largest difference in petrol prices from the start of July to the end of July. Consumer inflation is currently on high alert, with the NIESR expecting inflation to reach 3.9% in early 2022.