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Wales Online
Wales Online
Neil Lancefield (PA) & Steven Smith

'Urgent situation' with petrol and diesel prices criticised as 'pump fiction'

Fuel prices have been described as "pump fiction" as they fail to reflect wholesale prices. AA president Edmund King said the Government must step in to lower prices, stating that drivers face an "urgent situation".

Figures from data firm Experian show the average price of a litre of petrol at UK forecourts reached a new high of 191.1p on Monday, up by a fraction of a penny from Sunday. Prices have continued to rise despite the wholesale cost of petrol being around 5p per litre cheaper than early June peaks.

The wholesale cost of diesel has stabilised in recent days. However, average pump prices of the fuel reached a record 199.1p per litre on Saturday, falling slightly to 199.0p per litre on Monday.

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