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Liverpool Echo
Liverpool Echo
Business
Kate Lally

£5 petrol warning to anyone who fills up at the pumps

With petrol prices considerably higher than in previous years, motorists are now facing a fresh warning about how much it costs to fill up at the pumps.

New analysis has found drivers are paying an extra £5 for a tank of petrol due to the fall in the value of the pound. Pump price savings from the cost of oil dropping back to where it was before Russia invaded Ukraine are being "severely undermined" by the weakness of sterling, the AA said.

The motoring organisation calculated that the price of petrol at UK forecourts would be "at least" 9p per litre cheaper if the pound had maintained its mid-February value of 1.35 US dollars, instead of this week's level of 1.14 US dollars, which was a 37-year low.

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