Petrol prices hit new highs in the UK this week with the price of unleaded being around 185.4p on Monday on average, and diesel costing consumers somewhere in the region of 191.2p for every litre.
The rising costs caused a row between retailers and the government, with ministers accusing petrol stations of not fully passing on the 5p cut in fuel duty that Rishi Sunak announced in the spring. However, the cost of unleaded fuel has gone up by almost 20p since then, largely driven by wider market forces outside of forecourts’ control.
It has led some to suggest that the government needs to stop fixating on this issue and bring in further support. RAC fuel spokesman Simon Williams claimed that wholesale prices are the bigger issue.
