Petrol prices still rising but diesel dropping slowly
Petrol prices rose again this week although diesel prices fell slightly, according to the RAC Fuel Watch.
It found that petrol prices were 157.60p per litre, up from 132.83p at the start of the conflict in Iran but down from its peak of 158.31p in mid April.
Meanwhile, diesel prices were recorded at 187.95p per litre, down from the 191.54p high recorded in April but still 45% up from 142.38p at the start of the war.
RAC senior policy officer Rod Dennis said: “Petrol prices have risen by 0.6p in the last week to an average of 157.6p, their highest level since 20 April and less than 1p off the peak since the war in Iran began. The situation for drivers of diesel vehicles is a little better, with prices still falling – albeit very slowly – to 188p, around 3.5p off the highest price last month of 191.5p.
“The oil price has remained very volatile this week, but what we can be sure of is that only a sustained lower oil price, over a matter of weeks and not just days, will be enough to guarantee drivers pay less when they fill up.”
