Petrol Prices Surge to Near‑Record Levels

Petrol Prices Surge to Near‑Record Levels

High‑Five for Your Money: Petrol Prices Finally Touch the Sky

It’s a fact: filling up your car now feels a bit like a luxury spa treatment. The Department for Business, Energy and Industrial Strategy confirmed that last Monday the average cost per litre of petrol shot up to 139.46 pence, the highest since March 2013. If you’re nostalgic for the old record (142.17 pence back in April 2012), that’s still a reminder of how much fuel can feel like a pricey indulgence.

Diesel Doesn’t Sit Still

Don’t think diesel is out of the picture—its price climbed to 143.19 pence this week, up a tidy 2.5 pence from the previous week. It’s proving that every type of fuel is getting a bit of a punk-rock makeover.

What the Numbers Mean for Your Wallet

  • The average car holds about 55 litres of fuel. At the current rate, each fill costs roughly £14 more than it did a year ago.
  • Prices have jumped above 26 pence per litre—that’s the same as paying a small fortune for a single fill.
Why the Prices Are Thumping

The rise is a cocktail of higher oil costs, the switch to E10 petrol (the early September change) and the sweet extra slant of VAT. All together, they’re pushing fuel to new record heights.

Takeaway

Next time you stop at the pump, remember: it’s not just a chore—it’s a pricey reminder of how costly driving can be. Hopefully your wallet (and the fuel gauge) can keep up with the new trend!