Fuel prices tipped to reach new high
Fuel prices are expected to rise to their highest point since the start of the Iran war.
Oil prices rose to a two-month high over the weekend, with petrol and diesel prices both increasing accordingly.
The RAC has now warned that unless the conflict ends soon then prices at the pumps are likely to reach a new high.
RAC head of policy Simon Williams said: “With oil breaching the $100-mark for the first time in two months, prices at the pumps have surged again, taking the cost of filling up back to a level last seen in mid-June – something we all hoped we’d seen the back of.
“Diesel, which went up by another penny, has undergone an even sharper rise at almost 9p (8.6p) in just over two weeks to the point where it’s averaging 173.15p. Since the Iran war lows, this translates to percentage increases of four per cent and five per cent respectively.
“Although not as great as the start of the conflict, it’s nonetheless worrying as both fuels are so much more expensive than they were then. A tank of fuel for a family-sized petrol car now costs £86 while the diesel equivalent is £95.
“Unless the hostilities end soon, it’s hard not to see the price of petrol reaching a new Iran war high.”
