New record high fuel prices reported
12 November 2021
Author: Sean Keywood
The average cost of fuel at UK filling stations has continued to rise, with petrol now above 146p per litre for the first time ever, according to data from the RAC.
The motoring organisation said the new average meant a further 3.5p rise since the fuel broke through its previous record high at 142.48p on 24 October.
As for diesel, it has also climbed by 2p since it hit a new record high at the start of November, with the average now 149.66p.
RAC spokesman Simon Williams said: "Drivers are desperately in need of some respite at the pumps, but it's hard to see when that's going to come and it could well turn into an excruciatingly expensive winter.
"Oil is still trading well above $80 and the cost of the bio components of both fuels are higher than ever and retailers are still taking more margin per litre than they traditionally do.
"The combined effect is going to be hard for many families on lower incomes who depend on their cars day to day. There will also be a very unwelcome impact on businesses, which tend to be very dependent on diesel, and, in turn, this will lead to a knock-on effect on retail prices potentially adding more fuel to the fire of rising inflation."