Drivers are advised not to panic as oil prices have surged over $100 per barrel. Brent crude reached nearly $120 at one point on Monday, hitting levels last seen in the summer of 2022. This increase directly affects petrol and diesel prices due to oil being a key component in their production.
Diesel prices surpassed 150p per litre over the weekend, reaching 150.97p on Sunday according to the RAC. Unleaded petrol averaged at 137.51p per litre on the same day. Edmund King, the AA president, reassured that significant fuel price hikes won’t occur suddenly.
Fuel purchased at previous prices means that the impact of rising oil prices may take time to reflect at the pump. Drivers are encouraged to compare fuel prices in their area to secure the best deals. Mr. King suggested maintaining regular refueling habits but considering reducing non-essential trips and adjusting driving styles to conserve fuel, especially with warmer weather aiding in maximizing fuel efficiency.
To check the latest petrol and diesel prices nearby, the free online tool Petrol Prices allows users to input their postcode. The RAC provides national averages for petrol and diesel, including data on supermarket and motorway station prices. The UK government has initiated a new “fuel finder” system requiring all filling stations to report price changes promptly, promoting transparency and competition.
By avoiding costly motorway service stations and planning refueling stops strategically, drivers can save on fuel costs. Regular car maintenance is also essential to ensure optimal fuel efficiency.