Petrol costs remain high across the UK, as last month drivers were hit with the largest monthly rise in pump prices on record. Despite a cut in fuel duty, the RAC said the average cost of a litre of petrol at forecourts rose by 11.6p to end the March at 163.3p.
Diesel prices rose even more sharply, up 22.1p per litre to 177.3p. The previous biggest monthly increases in average fuel prices in records dating back to 2000 were October last year for petrol (7.4p per litre) and May 2008 for diesel (8.4p per litre).
Last month’s increases came despite Chancellor Rishi Sunak implementing a 5p per litre cut in fuel duty on March 23. That was worth a saving of 6p per litre owing to the impact on VAT.
