RAC Foundation figures suggest cost of unleaded could reach seven-year high within weeks

Petrol prices in the UK are expected to rise for a seventh successive month after reaching a two-year high at the weekend.

The price of unleaded has passed an average of 129p a litre, its highest point since June 2019, as the rising price of crude oil is matched by increasing demand from drivers. The price of diesel has risen to 131.4p on average at the pumps, the highest since January 2020, before the first coronavirus lockdown.

Continue reading…

You May Also Like

Mitie reveals £50m buyback after posting record £4bn revenues

Mitie Group has unveiled a £50million share buyback scheme after the outsourcing…

What new measures could Rishi Sunak introduce in spring statement?

Chancellor is expected to announce support to help with the cost of…

‘False solutions’: scepticism over Saudi carbon capture plan

Kingdom’s Cop27 announcement of new storage hub part of pattern of delaying…

MARKET REPORT: Hospitality jumps after fresh energy bill support

Shares in hospitality groups surged after news of more energy bill support…