Motorists are facing yet another hike in fuel prices, with a potential £2 a litre jump on the horizon.
The RAC have warned drivers ahead of the biggest price increase to date, as the latest figures released by the motoring body revealed that the price for a litre of unleaded petrol has reached an average UK price of 178.5p per litre.
The price of diesel has also jumped to an average of 185.2p per litre, with many stations being above that.
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According to RAC chiefs, the cost of filling up a 55-litre family car will now reach around £100 for the first time in history.
The projected rise comes just as the cost of living crisis has engulfed the nation and put the squeeze on households having to fork out extra money for energy bills, rent and council tax.
RAC fuel spokesperson Simon Williams said: “With analysts predicting that oil will average $135 a barrel for the rest of this year, drivers need to brace themselves for average fuel prices rocketing to £2 a litre, which would mean a fill up would rise to an unbelievable £110.
“The oil price is rising due to increased demand for fuel across the world as China eases its Covid restrictions and America and Europe go into the peak summer driving season.
“All this combined with a weaker pound at $1.20 means wholesale fuel costs more for retailers to buy.
“The wholesale price of diesel is fast approaching 160p a litre which, when you add 7p retailer margin and 20 per cent VAT, would take the pump price over the £2 mark."
After Russia's invasion of Ukraine earlier in the year, petrol and diesel prices reached an all time high, with some stations within Edinburgh and the Lothians nearing the 190 pence-per-litre mark.
The RAC say the average price of fuel increased by 11p in May alone - which is the second largest monthly increase ever seen.
Tory Chancellor Rishi Sunak reduced fuel duty by 5p a litre during his spring statement in March.
However, this has failed to offset the impact on drivers’ pockets so far.
The UK Government has been urged to take further measures to help drivers during this extraordinary surge in prices.
RAC’s Simon Williams added: “We strongly urge the Government to take drastic action to help soften the impact for drivers from these never-before-seen pump prices.”
