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Petrol hits highest price since 2013, RAC reports

Date: 05 July 2021   |   Author: Sean Keywood

The average price of petrol at UK filling stations hit its highest point last month for nearly eight years, according to the RAC.

It said the average cost of a litre rose by 2.7p in June to 132.19p, a price last seen in October 2013.

The average cost of a litre of diesel also rose, by 2.5p, to 134.32p - the highest level seen since June 2019.

The RAC said the monthly rise in the cost of petrol meant the fuel was now 18p per litre more expensive than it was in November 2020.

RAC spokesman Simon Williams said: "June proved to be a shocking month for drivers with not just the eighth straight monthly rise at the pumps, but a return to 132p a litre petrol -something we haven't seen since October 2013.

"And if an 18p a litre hike in cost over eight months isn't bad enough it's hard to see the increases coming to an end as the price of oil seems to be going up and up, with $6 being added to a barrel in June alone. 

"Compared with a year ago oil is now $35 more expensive. What's even more worrying is that some analysts are predicting an oil deficit by the end of the year, which could mean further relentless price rises in the coming months."