Price of fuel creeps up

The cost of fuel rose this week, with unleaded petrol now at an average 111.9 pence per litre - up 0.2 pence from seven days ago.

By The Newsroom
Tuesday, 12th July 2016, 10:49 am
Updated Tuesday, 12th July 2016, 11:52 am
Fuel prices nudge up.
Fuel prices nudge up.

Office of National Statistics figures also show that the cost of diesel has risen by 0.2 pence per litre with the cost at the pump now 113.1 pence per litre.

Despite this week-on-week rise, fuel is still more affordable than at the same time last year, with unleaded petrol 4.5 pence per litre cheaper and diesel 5.7 pence per litre cheaper than it was this week in 2015.

Happily, although fuel prices have risen, the predicted sharp increases in the wake of the Brexit vote have yet to take place. The Petrol Retailers Association and the AA had said that they expected the cost of fuel to jump by 2p to 3p per litre following the referendum result.