Commuters Switching to Cars Face Record UK Petrol Prices to Fill Up
Commuters forced to drive to work because of rail strikes are facing record costs to fill up their cars as UK fuel prices continue to rise.
The average price of a litre of petrol hit 188.7p on Sunday after five weeks of relentless record prices when the price has jumped 23p from the 165.5p of mid-May.
Diesel also hit a new high of 196.1p a litre and may soon hit an average of £2 as tight market conditions persist.
A full tank of petrol for a 55-litre family car now costs £103.79, while the diesel equivalent is £107.83, the RAC said.
Fuel prices have been pushed up by a combination of factors including a weakening of the pound against the dollar, the war in Ukraine and a squeeze on refining capacity.
The UK government has accused petrol retailers of profiteering by not passing on a 5p cut to fuel duty included in March’s spring statement. Retailers claim their margins have been squeezed and they are not ripping customers off.
The Competition and Markets Authority is investigating the sector and is due to report back on its findings next month.
FROM SCC NETWORK
- Graham + Sibbald Open Dunfermline Office
- Why Should Companies Make the Move to Electric Cars?
- Something for Everyone at Blair Horse Trials 2022
- Blackadders LLP Employment Law Team Shortlisted for the Scottish Legal Awards
- Scotland’s Onshore GDP Decreased by 0.5% in April
- Energy Bill and Tax Rebate Scams on the Rise
- Steel import tariffs extended for two years
- MSPs Back Making Emergency Covid Powers Permanent
- Inflation pushes UK government interest costs to May record
- Second 24-hour rail walkout after talks collapse
- British Airways Heathrow staff back summer strikes over pay
- People cut back on food shopping as price rises bite
- New £2m fund to cut environmental impact of textiles
- New £200 million to back innovative agriculture projects
- Landlord warning over making Covid eviction laws permanent
- G7 Leaders detail $600bn plan to rival China's Belt and Road initiative
- Independent report into funding for tax and welfare devolution
- Scottish councils given powers to run own bus services
- Royal Mail workers to vote on strike over pay
- Scottish film industry projected to grow to £1 billion by 2030
- Scottish Government announces £10m investment in net-zero energy
- 19 October 2023 proposed as date for second Scottish Independence Referendum
- Great Perthshire Festival 2022
- Courier Awards