UK petrol prices rise for first time in three months: How much it will cost as diesel price also increases

Petrol prices are rising again for the first time in three months, dealing another blow to households grappling with the cost of living crisis.

It follows the decision by the Opec+ group of nations – which includes Russia and Saudi Arabia – to limit oil production in an effort to drive up prices, meanwhile refinery strikes in France have also pushed up prices.

Petrol and diesel prices in the UK had been falling since early July. However, according to the AA, petrol prices reached an average of 162.78p per litre on Monday, up from 162.32p before the weekend.

Diesel prices rose by even more, hitting 182.17p per litre on Monday, up from 180.45p before the weekend.

Luke Bosdet, the AA’s fuel price spokesperson, said: “At the start of July, pump prices had set records of 191.53p a litre for petrol and 199.07p for diesel.

“And, although diesel saw a temporary rebound as August turned into September, drivers have enjoyed steady falls in road fuel costs throughout the summer.”

What you’ll pay

Typical cost of filling up a 50-litre tank:

Petrol: £81.49

Diesel: £91.08

Mr Bodset added that although a jump in diesel prices was expected at this time of year, petrol prices would usually be dropping.

He said: “Diesel was always expected to go back up again, reflecting the seasonal trend of increased heating oil demand pressuring the price on that part of a barrel of oil.

“However, not only is the rise in petrol prices a blow to UK drivers as domestic energy cost hikes now put the squeeze on family budgets, but petrol would normally be getting cheaper at this time of year after the US motoring season comes to an end.

“It is hoped that a combination of retailers taking their time to pass on previous falls in wholesale costs, and supermarkets usually taking longer to pass on fuel cost increases, will reduce the impact at the pump.”

The Opec+ group agreed to cut oil production by two million barrels a day at a meeting on 5 October. This is the equivalent of two per cent of the global supply.

It was a decision that sparked outrage in the West, with many seeing it as a move that would help Russian President Vladimir Putin finance the Kremlin’s war in Ukraine.

Opec+ insisted “our decisions, our action, aren’t directed against anyone”.

Joe Biden, who had been trying to persuade oil-producing nations not to cut supplies, said he was “disappointed by the short-sighted decision”.

He now faces rising fuel prices, a key issue among US voters, just ahead of the midterms. The US President is now said to be re-evaluating the US relationship with Saudi Arabia.


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