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Bristol Post
Bristol Post
Business
Chantelle Heeds

When fuel prices might drop as costs at the pumps set to hit £2 a litre

Experts say that fuel prices could reach £2 per litre this summer. As a result, it would cost motorists more than £100 to fill their car with petrol.

The RAC has warned that prices are likely to keep rising due to an increase demand from China as it lifts Covid-19 restrictions. It has urged the government to take action to prevent the situation becoming a national crisis.

Fuel costs increased rapidly earlier this year after Russia's invasion of Ukraine. And experts say it is unlikely costs will come down until oil producers, other than Russia, are able to increase supplies to compensate for the loss of its oil.

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