Petrol and diesel prices on the rise, Government figures show
Data published by the Department for Business, Energy and Industrial Strategy showed the average price of petrol has risen to 146.95p per litre.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The average price of petrol at UK forecourts has jumped by 0.6p to 146.95p per litre, according to Government figures.
Data published by the Department for Business, Energy and Industrial Strategy (BEIS) showed the average price on Monday was the highest since it hit 147.53p per litre in November last year.
It comes after separate figures from the AA suggested petrol and diesel prices both struck record highs over the weekend.
The new BEIS data showed that the price of diesel increased by 0.8p to 151.10p per litre on Monday compared with last week.
The cost of living crisis has been ratcheted up yet another notch, tightening the vice on family spending when it faces other pressures from impending domestic energy cost and tax increases
This also fell marginally short of record levels from the last week of November.
On Monday, the AA said its data showed the average price of petrol for British drivers surpassed 148p per litre for the first time.
Meanwhile, the cost of diesel has also increased to a new record high of 151.57p per litre on Sunday, the organisation said.
Luke Bosdet, the AA’s fuel price spokesman, said: “The cost of living crisis has been ratcheted up yet another notch, tightening the vice on family spending when it faces other pressures from impending domestic energy cost and tax increases.”
Prices have soared on the back of wholesale fuel prices, which have jumped amid a resurgence in demand following the reopening of global economies, but have also been spurred in recent days by concerns that Russian tensions could have an impact on supply.
The price of crude oil pulled back on Tuesday morning amid reports Russia has moved some troops away from its border with Ukraine, resulting in 2.7% fall to 93.89 dollars per barrel.