Petrol prices rise for second consecutive month
Motorists were hit by a second month of petrol price rises in April, according to the latest RAC Fuel Watch data.
The average price of both petrol and diesel increased by more than 2p a litre in April, taking unleaded prices to 108.27p per litre, up from 105.64p. Diesel prices rose to 108p per litre from 105.41p.
This adds another £1.45 to the cost of filling up a 55-litre family car, meaning it cost £59.55 in April, up from £58.10 in March.
The cost of a tank of diesel rose by a similar amount in April – by £1.42 - taking prices from £57.98 in March to £59.40.
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Supermarket average prices rose by 3p a litre for both fuels in April with petrol rising from 102.68p per litre to 105.85p, while diesel prices increased from 102.58p to 105.76p.
The April rises come after prices in March rose for the first time in eight months.
The RAC says escalating oil prices are the primary reason behind the forecourt increases with the cost of a barrel of oil jumping by 25% from $36.51 to $45.49, leading to the highest price since 10 November 2015.
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UK fuel price variation
Across the UK, the South East saw the biggest increases with more than 3p a litre going on both the average prices of petrol and diesel – unleaded went from 105.48p to 108.89p and diesel from 105.52p to 108.9p.
The East Midlands recorded the lowest petrol price rise of 2.77p a litre from 105.4p to 108.17p whereas the lowest diesel increase was recorded in Northern, only rising by 2.63p a litre from 104.02p to 106.65p.
‘Petrol prices should not rise much further’
RAC fuel spokesman Simon Williams says: "The physical or spot price of Brent crude oil saw its largest one-month gain in price in the past 12 months. While this has had an adverse impact on the price motorists are paying for petrol and diesel on the forecourt, the world is still producing too much oil, which means prices should not rise much further, and may stabilise or even start to fall again.
“It’s worth remembering that while prices have gone up in both March and April motorists are still paying 7p per litre less for petrol and 11p per litre less for diesel than they were at this time a year ago which means a tank of unleaded is more than £3 cheaper and diesel is £6 less expensive.”
To find the cheapest price in your area, use PetrolPrices.com. As of 3 May – the latest PetrolPrices.com data available – the average petrol price stood at 108.67p per litre, while diesel prices stood at 108.49p per litre on average.