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Fuel prices jumped by more than 3p in March, RAC claims

Date: 05 April 2016   |   Author: Daniel Puddicombe

The price of petrol at the pumps rose for the first time in eight months in March as oil went back above the $40 (£27.9p) barrier for the first time since early December, the latest RAC Fuel Watch figures have revealed.

Petrol prices increased during the month, from a low of 101.9p at the start of March, to a high of 105.2p at the end of the month - an increase of 3p per litre and an extra £1.84p onto the cost of filling up a car with a 55-litre fuel tank to £57.8p.

RAC data for March showed that diesel forecourt prices also increased by 3.7p a litre - 101.5p to 105.2p - even though the wholesale price rose by 1.5p a litre (98.12p to 99.59p), adding £2 to the cost of a 55-litre tank fill.

"The good times for motorists enjoying lower fuel prices had to come to an end at some point, but unfortunately it's happened with a bit more of a bump than motorists were probably expecting," said Simon Williams, RAC fuel spokesman.

"With an important oil production meeting scheduled for mid-April, more bad news at the pumps may be on the horizon."