RAC points £3 warning as UK petrol and diesel costs proceed to rise
The cost of filling up has increased for a fourth consecutive month, with petrol going up by 5p per litre and diesel by 6p per litre since October
Motorists have been hit with a fourth consecutive month of increasing fuel costs, according to recent analysis. The RAC reports that since the beginning of October, petrol prices have risen by 5p per litre, while diesel prices have increased by 6p per litre.
A significant factor in this surge is the mid-January spike in oil prices, which saw the cost of a barrel exceed 80 US dollars for several days. Additionally, the slight weakening of the pound against the dollar has contributed to higher wholesale fuel costs for retailers.
As of the end of January, the average price of a litre of petrol stood at 139.0p, while diesel averaged 145.7p. Simon Williams, RAC head of policy, said: “It’s not been a good start to 2025 for drivers at the pumps with prices going up for the fourth month in a row”, reports Devon Live.
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He added: “Sadly, filling up is now nearly £3 more expensive than it was at the start of October. We hope this trend won’t continue and that prices drop back down again.”
Williams noted that global oil supply and demand would play a significant role in determining future fuel prices, but some analysts predict an average oil price closer to $70 this year, which could lead to cheaper forecourt fuel prices in the coming months.
