A near-continuous fall in petrol prices since November 2022 has been halted due to a rise in the cost of oil, according to new analysis. The AA said the average price of a litre of petrol at UK forecourts was 146.9p on Wednesday, up by 0.5p since the end of March.
This comes as the typical cost of a barrel of oil has risen by more than 10 US dollars since mid-March after oil producer group Opec cut production. The increase in the price of petrol followed a downward trend which lasted 22 weeks, starting on October 30 when the average was 166.5p per litre.
AA fuel price spokesman Luke Bosdet said UK drivers have “so far dodged a significant pump price rise”. But he claimed “the pump-price postcode lottery remains a scourge”, with significant price differences between urban areas only a few miles apart.
