Fuel – Another price hike

19 July 2021

It’s the one thing that affects us all, the cost of fuel.  According to the AA, petrol prices are the highest they have been in nearly 8 years.  Prices are now 20 pence a litre more than they were in November 2020.

It is understood that just over 133p a litre is the average pump price.  This is quite a hike from the 114p last Autumn. At one point in May last year, prices were around the 106p mark.

As regards diesel, it has also seen a price rise, from 117.20p in November 2020 to 135.74p on Sunday.

The AA state that petrol and diesel prices had risen for 32 consecutive weeks.

This is not entirely unexpected, as the economy opens up and the demand for fuel increases, oil prices have been rising and  an increase in price was a predicted outcome.  That said, it’s not great news for operators to whom every penny counts at the moment.

Please contact our regulatory team on 01254 828300 if you need any advice.