Petrol and diesel fees are up across the UK after the price of oil surged, in a possible blow to motorists this June. Analysis has revealed unleaded petrol fees are up by 1.5p per litre over the past week, with diesel rates also higher by 2p.
Experts at the RAC stressed the increase is due to a sudden jolt in the price of oil in the wake of the ongoing conflict between Iran and Israel. However, experts have warned the increase is not on the same level as those in 2022, which saw petrol and diesel fees soar. RAC head of policy Simon Williams issued a statement on the news on Monday and warned prices may "go up further".
Simon said: "The average price of a litre of petrol has increased by 1.5p to 133.5p in the last week, while diesel has gone up by 2p to 140p.
"Although the cost of a barrel of oil jumped by $5 to $74 straight after Israel's 13 June attack on Iran, so far it hasn't climbed much higher.
"It's now trading around $77 - $12 a barrel, more expensive than it has been for the last three months, which is not yet enough to cause a major hike at the pumps.
"As retailer margins have been high for some time, the oil price rise has squeezed these to fairer levels for drivers.
"If, however, retailers are set on maintaining margins of around 12p a litre, we may well see the average price of fuel go up further.
"It's also important to note that the oil price is a long way off the $137.72 seen in the early days of the Ukraine war in spring 2022 which led to average prices reaching record highs in the summer of 191.5p for petrol and 199p for diesel."
Motorists can quickly find the location of their cheapest petrol station using free online checkers.
Drivers can simply search their postcode in the interactive tool above with results issued in just a couple of clicks.
Alternatively,Confused.com offers their own service which shows the most affordable fuel stations in the area in just seconds.
PetrolMap offers a similar service, with motorists able to sort fuel stations by price or distance, depending on which is more important.
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