London Daily

Focus on the big picture.
Saturday, Feb 22, 2025

Petrol cost hit new high every day for past month

Petrol cost hit new high every day for past month

Petrol prices have hit new record highs every day for the past month, according to motoring organisation the RAC.

The cost to fill a family car now stands at about £103 for petrol, and £106 for diesel, it said.

The war in Ukraine and moves to reduce dependence on Russian oil have helped drive up fuel prices, putting households under pressure as food and energy bills also soar.

The average petrol price is now 186.59p per litre, with diesel at 192.48p.

The RAC called on the government to cut fuel taxes to ease the cost burden on motorists, and to help lower the cost of living.

"New records in the average price of petrol have been set every day for the last month, with a litre rising 21p, which has added more than £11 to a tank," said RAC fuel spokesman Simon Williams.

He said that RAC analysis of wholesale diesel prices indicates that diesel could hit "a previously unthinkable average of £2 a litre", and that "unfortunately, it has already crossed this threshold at motorway services".

However, rival motoring organisation the AA said wholesale fuel costs had been steady recently, while pump prices had been rising.

"Another penny on petrol is a surprise given that wholesale costs have been level if not lower since the Jubilee," said Luke Bosdet, the AA's spokesman on fuel prices.

He said if petrol continues to go up at the same rate heading into the weekend, "the government has yet another reason to call the retailers out".


He said that diesel may yet hit £2 per litre, but "why invite the fuel trade to speed up the pump price rises?"

"It's a volatile market, nothing is guaranteed until it happens," he added.

The Treasury cut the tax in March by 5p per litre in a bid to help motorists, and has asked the Competition and Markets Authority (CMA) to investigate whether that cut is being passed on to motorists quickly enough.

The RAC called on the government to temporarily lower VAT on fuel, and make a further cut in fuel duty, saying the rise in VAT takings since March was now more than cancelling out the fuel duty cut.

So far the government has ruled out cutting VAT, saying higher receipts from fuel price increases will be largely offset by lower receipts from household spending less on other goods and services.

The government has put together a £37bn package to help families as energy, food and fuel bills soar.

More than eight million UK homes on benefits are set to receive £326 by the end of July, with a second payment of £324 in the autumn.

Newsletter

Related Articles

0:00
0:00
Close
UK Prison Officer Sentenced for Inappropriate Conduct with Inmate
Good News: Senate Confirms Kash Patel as FBI Director
Officials from the U.S. and Hungary Engage in Talks on Economic Collaboration and Sanctions Strategy
James Bond Franchise Transitions to Amazon MGM Studios
Technology Giants Ramp Up Lobbying Initiatives Against Strict EU Regulations
Alibaba Exceeds Quarterly Projections Fueled by Growth in Cloud and AI
Tequila Sector Faces Surplus Crisis as Agave Prices Dive Sharply
Residents of Flintshire Mobile Home Park Grapple with Maintenance Issues and Uncertain Future
Ronan Keating Criticizes Irish Justice System Following Fatal Crash Involving His Brother
Gordon Ramsay's Lucky Cat Restaurant Faces Unprecedented Theft
Israeli Family Mourns Loss of Peace Advocate Oded Lifschitz as Body Returned from Gaza
Former UK Defense Chief Calls for Enhanced European Support for Ukraine
Pope Francis Admitted to Hospital in Rome Amid Rising Succession Speculation
Senate Republican Leader Mitch McConnell, at the age of 83, Declares His Retirement.
Whistleblower Reveals Whitehall’s Focus on Kabul Animal Airlift Amid Crisis
Politicians Who Deliberately Lie Could Face Removal from Office in Wales
Scottish Labour Faces Challenges Ahead of 2026 Holyrood Elections
Leftwing Activists Less Likely to Work with Political Rivals, Study Finds
Boris Johnson to Host 'An Evening with Boris Johnson' at Edinburgh's Usher Hall
Planned Change in British Citizenship Rules Faces First Legal Challenge
Northumberland Postal Worker Sentenced for Sexual Assaults During Deliveries
British Journalist Missing in Brazil for 11 Days
Tesco Fixes Website Glitch That Disrupted Online Grocery Orders
Amnesty International Critiques UK's Predictive Policing Practices
Burglar Jailed After Falling into Home-Made Trap in Blyth
Sellafield Nuclear Site Exits Special Measures for Physical Security Amid Ongoing Cybersecurity Concerns
Avian Influenza Impact on Seals in Norfolk: Four Deaths Confirmed
First Arrest Under Scotland's Abortion Clinic Buffer Zone Law Amidst International Controversy
Meghan Markle Rebrands Lifestyle Venture as 'As Ever' Ahead of Netflix Series Launch
Inter-Island Ferry Services Between Guernsey and Jersey Set to Expand
Significant Proportion of Cancer Patients in England and Wales Not Receiving Recommended Treatments
Final Consultation Launched for Vyrnwy Frankton Power Line Project
Drug Misuse Deaths in Scotland Rise by 12% in 2023
Failed £100 Million Cocaine Smuggling Operation in the Scottish Highlands
Central Cee Equals MOBO Awards Record; Bashy and Ayra Starr Among Top Honorees
EastEnders: Four Decades of Challenging Social Norms
Jonathan Bailey Channels 'Succession' in Bold Richard II Performance
Northern Ireland's First Astronaut Engages in Rigorous Spacewalk Training
Former Postman Sentenced for Series of Sexual Offences in Northumberland
Record Surge in Anti-Muslim Hate Crimes Across the UK in 2024
Omagh Bombing Inquiry Concludes Commemorative Hearings with Survivor Testimonies
UK Government Introduces 'Ronan's Law' to Combat Online Knife Sales to Minors
Metal Detectorists Unearth 15th-Century Coin Hoard in Scottish Borders
Woman Charged in 1978 Death of Five-Year-Old Girl in South London
Expanding Sinkhole in Godstone, Surrey, Forces Evacuations and Road Closures
Bangor University Announces Plans to Cut 200 Jobs Amid £15 Million Savings Target
British Journalist Charlotte Peet Reported Missing in Brazil
UK Inflation Rises to 3% in January Amid Higher Food Prices and School Fees
Starmer Defends Zelensky Amidst Trump's 'Dictator' Allegation
Zelensky Calls on World Leaders to Back Peace Efforts in Light of Strains with Trump
×