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Bristol Post
Bristol Post
Business
Oscar Dayus

Oil prices are coming down - but petrol has hit a new high

Petrol prices have hit another new high, despite oil prices beginning to decline.

Brent crude oil - the global benchmark - started the day below $100 a barrel for the first time this month. It has since increased to around $103.50, before coming back down to its current level of just under $101.

That's some way below the peak of $130, which was hit earlier in March. Despite the decrease, however, fuel prices have continued to increase: petrol has hit a new record of 163.7p, on average, in the UK, while diesel has reached a new high of 173.68p.

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