Drivers have been hit by fuel prices reaching new highs despite a slump in wholesale costs. Figures from data firm Experian Catalist show the average cost of a litre of petrol at UK forecourts on Monday, February 14 was 163.7p.
This takes the cost of filling a typical 55-litre family car with petrol above £90 for the first time. The average cost of a litre of diesel on Monday was a record 173.7p.
Oil prices surged after Russia’s invasion of Ukraine but declined in recent days, leading to a cut in wholesale costs for fuel retailers. RAC fuel spokesman Simon Williams said: “Drivers should be encouraged by oil and wholesale prices dropping again yesterday.