You are here: Home - Household Bills - News -

Petrol prices at eight-year high

Written by:
Petrol prices have soared to their highest level in eight years as the fuel crisis gripping Britain continues.

A litre of petrol now costs 136.1p, up from 135.19p a week ago, according to government figures released today.

The cost of diesel has also gone up from 137.95p a litre to 139.2p.

The last time petrol prices were at this level was in September 2013, when petrol was 135.9p, and October 2013, when diesel was 139.15p a litre.

The price hike comes amid chaotic scenes at forecourts in the past week, with drivers panic buying fuel over fears of supplies running out and petrol stations closing due to a shortage of lorry drivers.

Yesterday, the Petrol Retailers Association chairman told Sky News that 22 per cent of petrol stations in London and the southeast were still without fuel.

Today’s figures echo those published by the RAC last week, which said fuel prices were at an eight-year high thanks to a huge spike in the wholesale cost of fuel.

The motoring group also said some retailers had been cashing-in on the current situation by hiking prices.



There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

The savings accounts paying the most interest

It’s time to get your finances in shape, and moving your cash savings to a higher paying deal is a good plac...

Everything you need to know about being furloughed

Few people had heard of ‘furlough’ before March 2020, but the coronavirus pandemic thrust the idea of bein...

The experts’ guide to sorting out your personal finances in 2021

From opting to ‘low spend’ months to imposing your own ‘cooling-off period’, industry experts reveal t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week