Petrol prices

Soaring oil prices have already seen the cost of petrol and diesel at UK forecourts start to creep up this week, in a fresh blow for British families ...

While Howard Cox, Founder of FairFuelUK, added: 'We should be seeing fuel price signposts across the country, at least 10-20p per litre lower for petrol and diesel. Fuel prices are already on the rise. It hit a record of 199.1p last July. Pictured are drivers at a Tesco petrol station in Slough on January 15 - Industry officials blamed the rising cost of oil for the recent spike in fuel costs Drivers are hit by rising fuel prices again as litre of petrol reaches 148.8p and diesel goes up to 170.4p - but RAC warns pump prices will soar again when China reopens after Covid

The RAC warned that retailers, as well as major supermarkets, have failed to reflect the fall in wholesale prices at the pump.

Looking at current wholesale costs there is absolutely no justification for pump prices to rise. The question now is whether retailers start to bump up their prices. It is the same story with petrol, which saw wholesale prices drop by 23p while prices at the pumps only fell by 18p.

Brits planning to head out to fuel up their car in the coming days have been issued an urgent warning by the RAC, who say retailers may "start to bump up ...

The question now is whether retailers start to bump up their prices. Looking at current wholesale costs there is absolutely no justification for pump prices to rise. "We urge the Government to focus on ensuring retailers quickly pass on savings to drivers every time there is significant downward movement in the wholesale price of fuel - not just to ensure drivers aren't treated unfairly, but also because there is a clear correlation between high fuel prices and higher levels of inflation." - the margin fuel retailers decide to take - VAT charged at the end of every forecourt fuel transaction, currently at 20% According to the RAC, the price you pay for petrol and diesel at the pumps is governed by wholesale fuel prices, which are affected by: [Tesco](https://www.mirror.co.uk/all-about/tesco), [Sainsbury's](https://www.mirror.co.uk/all-about/sainsburys), Asda, and [Morrisons](https://www.mirror.co.uk/all-about/morrisons) - make more money out of drivers from every litre of fuel they sell, the RAC says, by "keeping pump prices artificially high". [RAC Fuel Watch](https://go.skimresources.com?id=76202X1526515&xs=1&url=https%3A%2F%2Fwww.rac.co.uk%2Fdrive%2Fnews%2Ffuel-news%2Frac-analysis-confirms-fuel-prices-fell-by-a-feather%2F&sref=https%3A%2F%2Fwww.mirror.co.uk%2Fmoney%2Fwarning-issued-any-driver-filling-29091958) analysis shows that retailers have failed drivers by not fully reflecting the enormous recent fall in the wholesale price of fuel at the pumps, with drivers of diesel vehicles suffering the most. [Shell](https://www.mirror.co.uk/all-about/shell-uk) and Esso, as well as [supermarkets](https://www.mirror.co.uk/all-about/supermarkets), have failed to fully reflect the fall in wholesale prices. Speaking about this, RAC fuel spokesman Simon Williams is urging the Government to focus on retailers ensuring that they "pass on savings to drivers" and to ensure that motorists are treated fairly with the current market. Wholesale diesel costs have plunged 32p per litre - but the pump price has only fallen by 20p in the same period. [RAC](https://www.mirror.co.uk/all-about/rac-insurance) has said [drivers](https://www.mirror.co.uk/lifestyle/motoring/) need to be aware that retailers may "start to bump up their prices" soon

DRIVERS have been warned that retailers have started pushing up fuel prices.The average price for a litre of petrol on UK forecourts on Monday was 148.

The easiest way to find the cheapest forecourt in your area for fuel is by using price comparison sites. [pump](https://www.thesun.co.uk/money/17916026/cheapest-supermarket-how-to-check-best-fuel-prices/) prices quickly reflect rising wholesale costs but are slow to fall when costs drop. [average pump prices](https://www.thesun.co.uk/money/20097562/sainsburys-sell-cheapest-petrol-diesel-fuel-price-glitch/) to drop by a total of just 18p per litre. [Grant Shapps](https://www.thesun.co.uk/who/grant-shapps/) wrote to fuel retailers on December 22 urging them to “ensure savings are passed on to consumers” after it emerged drivers were being hit by record Christmas getaway fuel prices. Wholesale diesel costs plummeted by 32p per litre in the eight weeks to December 11 - but average pump prices The warning comes as the RAC highlighted that forecourt prices have failed to fully reflect a fall in recent wholesale prices.

Petrol and diesel prices across the UK are on the rise again following a jump in price of the cost of oil in January, according to new AA data.

[Diesel](/latest/diesel) averaged 170.36p a litre yesterday, having fallen to 170.29p a litre on Wednesday and Thursday of last week. The resulting increase fuelled rises in the wholesale cost of road fuel. The HMRC also released official fuel consumption statistics today. “So far, pump price averages have risen only slightly. Mr Bosdet continued, saying: “A 13p increase in wholesale petrol costs, if sustained, would propel the average petrol price to below the 167.0p a litre average on the day of the fuel duty cut – but only because of the 5p cut (6p with VAT). If the move was to go through then the current rate of fuel duty – cut from 57.95p per litre to 52.95p per litre in March 2022 – would rise to about 65p. Petrol had bottomed out at 49.2p a litre in December but stood at 62.7p at the end of last week. He added: “After a fall of close to 43p a litre since the summer record, drivers feared that a rebound in petrol prices would eventually happen. [10 classic cars becoming tax and MOT exempt in 2023 - including BMW](/life-style/cars/1726012/classic-car-tax-mot-exemption-ford-bmw-porsche-volkswagen) [INSIGHT] ['Criminal' petrol and diesel prices prompt 30 MPs to demand watchdog](/life-style/cars/1728301/petrol-diesel-record-prices-mps-demand-watchdog) [SHOCKING] [Highway Code changes may lead to fines for drivers unsure of rules](/life-style/cars/1728195/highway-code-changes-unaware-cycling-rules) [WARNING] Petrol and diesel prices across the UK are on the rise again following a jump in price of the cost of oil in January, according to new AA data. Oil had dropped below $78 (£63.34) a barrel at the start of January but was valued last week at between $86 (£69.84) and $88 (71.46). [petrol](/latest/petrol) rose to 148.77p a litre yesterday, having dropped to 148.35p a litre last Monday (January 23).

Motorists heading to forecourts are being warned as petrol prices could go up again. And retailers have failed to fully reflect the fall in wholesale prices, ...

Looking at current wholesale costs there is absolutely no justification for pump prices to rise. The question now is whether retailers start to bump up their prices. It means motorists are paying over the odds, the RAC says. Motorists heading to forecourts are being warned as petrol prices could go up again. "We urge the Government to focus on ensuring retailers quickly pass on savings to drivers every time there is significant downward movement in the wholesale price of fuel - not just to ensure drivers aren't treated unfairly, but also because there is a clear correlation between high fuel prices and higher levels of inflation." [Tesco](https://www.lancs.live/all-about/tesco), [Sainsbury's](https://www.lancs.live/all-about/sainsburys), [Asda](https://www.lancs.live/all-about/asda), and [Morrisons](https://www.lancs.live/all-about/morrisons) make more money out of drivers from every litre of fuel they sell by "keeping pump prices artificially high", [BirminghamLive](https://www.birminghammail.co.uk/whats-on/shopping/warning-issued-any-driver-filling-26099097) reports.