Fuel Price Update

Petrol price hits new record high

Average UK petrol prices have reached a record high today

10 December 2010

Average UK petrol prices have hit a new record. The latest price (from yesterday's fuel receipts) is 121.76p/litre for petrol and 125.73p/litre for diesel.

Record prices for both were: petrol 121.61p/litre set on 12 May 2010, and diesel 133.25p/litre set on 17 July 2008.

Price comparisons

At the beginning of 2010 petrol averaged 109.88p/litre, diesel 111.52p/litre.

Petrol today is 11.88p/litre more expensive and diesel 14.21p/litre more expensive than a year ago.

The extra cost of a tankful (50 litres); petrol – £5.94, diesel – £7.11

Extra monthly cost of petrol for a two-car family – £25.23

"In the past week, we have seen the average price of petrol shoot up 1.7p a litre across the UK and diesel rise 1.61p. It comes at a particularly bad time for drivers who have struggled with appalling winter weather and often seen their fuel drain away while stuck in snow-bound traffic jams," says Edmund King, the AA's president.

Although the wholesale price of petrol has risen sharply in the past fortnight, there is a growing feeling of helplessness among drivers with winter travel disruption and ever-rising fuel costs. If current prices persist, the new year increase in fuel duty and VAT will push petrol prices up to 124p a litre.

Our only hope is that either oil and fuel markets settle back down or the pound strengthens against the dollar. Until then, it is an even more uncomfortable ride for families trying to keep their cars on the road.

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10 December 2010