Fuel prices rally higher: Price at petrol pump jumps to 178.5p

Fuel prices rally higher: Price at petrol pump jumps to 178.5p

Drivers have lashed out at the growing cost of fuel after being hit with record prices at the pumps today, as the RAC proclaimed a “national fuel crisis” that could see £2 per litre become the norm in the near future.

On Tuesday, motorists complained about exorbitant forecourt costs, including 197.9p per litre of unleaded at a Texaco facility in Wales, which was more expensive than the diesel, which was available for 194.9p.

 

In other parts of the country, a forecourt in Fontwell, West Sussex, was selling diesel for 191.9p a litre, while a motorist in Southampton paid 194.9p.

It occurred as wholesale gasoline prices hit a new high of 178.5p per litre this morning, up 0.6p in just 24 hours, as the Ukraine conflict and supply chain concerns continue to drive up wholesale costs.

Diesel prices have also risen to an average of 185.2p per litre.

The timing could not be more inconvenient, as Britons grapple with a rising cost of living crisis compounded by a 9% inflation rate.

The RAC had previously predicted that ‘terrifying’ petrol prices would exceed an average of 180p per litre this week, resulting in a ‘national fuel catastrophe.’

After findings from data firm Experian Catalist revealed that petrol prices increased by roughly 6p per litre over the half-term school holiday, the motorist body called for “strong government intervention.”