Sep 28, 2021

Outlook bleak for drivers as petrol prices surge, says RAC

Petrol prices have hit an eight-year high, the RAC has said, due to a rise in the cost of wholesale fuel. The pump price spike also comes amid the current fuel supply problems and reports of profiteering at some petrol stations. The RAC said that the average price of a litre of petrol across the UK increased from 135.87p on Friday to 136.59p on Sunday, the highest level since September 2013.The motoring organisation warned that prices could rise further as retailers pass on the cost of rising wholesale prices. RAC fuel spokesman Simon Williams said: "When it comes to pump prices, it's a pretty bleak picture for drivers."With the cost of oil rising and now near a three-year high, wholesale prices are being forced up which means retailers are paying more than they were just a few days ago for the same amount of fuel. "This has led to the price of a litre of unleaded already going up by a penny since Friday."We might yet see higher forecourt prices in the coming days, irrespective of the current supply problems.

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