Fuel Prices Back Above 150p – Drivers Are Feeling the Heat
For the first time since November 2023, the cost of pumping petrol has climbed past the 150‑pence mark. With oil prices spiking and the pound taking a dip, the numbers are finally catching up with the wages‑inflation reality that everyone can feel at the pump.
What the Numbers Say
- Fuel Prices Online charts show a rise to 150.1p per litre as of this Monday.
- Unleaded has jumped more than 3p since the start of the month, adding about £1.65 to a family car fill.
- Year‑to‑date, the price jump is around 9p, costing drivers roughly £5 extra.
Simon Williams on the Issue
The RAC fuel spokesperson breaks it down: “Two big reasons – the cost of oil has upped and the pound is weaker, which means retailers pay more for the fuels they stock.” He adds, “If retailers could get lower purchase prices, pump prices might not climb much further, if at all.”
Margins Matter
Bigger margins for retailers usually translate to bigger bills for drivers. Currently, diesel folks feel the sting more acutely: 14p margin per litre versus the long‑term average of 8p. Higher margins are basically a recipe for higher prices.
AA’s Take
Luke Bosdet from AA Fuel comments that inflation is easing, but the 150p threshold is heavy parking for drivers. “Last we saw a price >150p this time last year—back in February 2023,” he notes. “There’s a glimmer of hope with oil prices cooling, but for now, that number is shaving pockets and making people tighten their belts elsewhere.”
What It Means For You
Whether you’re a petrol‑pumped family car or a diesel‑powered trucker, the takeaway is simple: keep an eye on that 150p bar. It’s a clear signal that the road to cheaper fueling is still closed, and everyone’s wallet feels the squeeze. Stay alert, drive carefully, and maybe bring some extra snacks for the drive home.
