UK Fuel Prices Rise to Fresh Records, With Rally Set to Continue -Bloomberg

TELFORD, UNITED KINGDOM – MARCH 31: Prices of petrol and diesel are displayed outside a BP service station on March 31, 2022 in Telford, United Kingdom. Energy and fuel bills are rising in the UK due to a combination of factors. Russia’s war on Ukraine has increased global oil prices which affects increases at the fuel pump but energy bills are going up because the energy price cap – the maximum price suppliers in England, Wales and Scotland can charge households – is being raised. ( Christopher Furlong/Getty Images)

Laura Hurst, Bloomberg News

LONDON
EnergiesNet.com 06 07 2022

Gasoline and diesel prices in the UK continued their ascent over the holiday weekend, reaching record-highs yet again.

The average price of gasoline rose to 177.88 pence ($2.23) a liter on Sunday, pushing the cost of filling a family car to £98, according to the RAC motoring organization. Diesel prices increased to 185.01 pence a liter.

“With oil above $120 a barrel and sterling still at $1.20, worse is still to come,” RAC fuel spokesman Simon Williams said in a statement. “We expect to see the average price of petrol break through the 180-pence mark this week, with diesel moving further towards 190 pence.”

The soaring price of road fuels compounds a cost-of-living crisis for British households, which are grappling with surging energy bills and the highest inflation in four decades. UK diesel prices have also been driven higher by the country’s decision to ban shipments of the fuel from Russia.

bloomberg.com 06 06 2022

Share this news

EnergiesNet.com

About Us

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas,
Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the materia