Fuel prices hit new record

Common gas costs have reached the best degree on file following Russia’s invasion of Ukraine, figures present.

The Division for Enterprise, Vitality and Industrial Technique stated the typical worth of a litre of petrol at UK forecourts on Monday was 149.22p.

That’s up from 147.77p per week earlier.

A litre of diesel rose from 151.95p to 153.36p over the identical interval.

Oil costs have calmed after reaching an eight-year excessive final week on account of considerations over the reliability of provides after Russian troops entered Ukraine.

This affected wholesale costs paid by gas retailers.

Separate figures from information agency Experian Catalist present common gas costs have been 151.16p per litre for petrol on Monday, down from 151.25p on Sunday.

Diesel rose from 154.72p to 154.75p.

RAC gas spokesman Simon Williams stated: “An increase of 1.5p within the common price of a litre of petrol over the house of simply seven days serves to spotlight what a torrid time drivers are having on the pumps in the mean time.

“That is on prime of the 2p improve they’d already suffered through the first three weeks of February.

“Drivers might be questioning if costs will ever cease rising, however the battle in Ukraine is just more likely to make issues worse.

“Diesel hitting a brand new all-time may even put but extra stress on companies who rely upon the gas and can probably result in greater costs for customers as they inevitably go on their rising prices.”

One motorist was shocked to pay 185.9p per litre when he stuffed up with tremendous unleaded at Toddington Companies on Monday.

Stuart Gallagher, editor of Evo, {a magazine} devoted to efficiency vehicles, informed the PA information company: “It was a motorway service station, which you at all times anticipate to pay a premium at.

“However there’s a premium after which there’s what they’re charging, which, in the mean time, is simply… I imply, I’ve by no means seen it that prime earlier than.

“I didn’t suppose I’d ever see it that prime. That’s simply loopy.”