The average price of both petrol and diesel at UK filling stations has climbed to new record high levels, according to the RAC.

The motoring organisation said the average litre of petrol now cost 148.02p, while the average litre of diesel cost 151.57p.

Concerns over the tensions between Russia and Ukraine are said to have prompted a rise in oil prices, driving the fuel price increases – and the RAC has warned further rises could follow.

RAC spokesman Simon Williams said: “With the oil price teetering on the brink of $100 a barrel and retailers keen to pass on the increase in wholesale fuel quickly, new records could now be set on a daily basis in the coming weeks.

“The oil price is rising due to tensions between Russia – the world’s third biggest oil producer – and Ukraine, along with oil production remaining out of kilter with demand as the world emerges from the pandemic. As a result, drivers in the UK could be in for an even worse ride as pump prices look certain to go up even more.

“On a positive note, retailer margins – which were the reason drivers paid overly high prices in December and January – have now returned to more normal levels of around 7p a litre. We urge the big four supermarkets, which dominate fuel sales, to play fair with drivers and not to make a bad situation on the forecourt any worse by upping their margins again.”