Drivers are being advised to stay calm despite the surge in oil prices exceeding $100 per barrel. Brent crude hit nearly $120 on Monday, reaching levels not seen since the summer of 2022. Since oil is a key ingredient in producing petrol and diesel, the spike in oil prices can directly impact fuel costs for consumers.
Over the weekend, the national average for diesel surpassed 150p per liter, hitting 150.97p on Sunday, as reported by the RAC. Unleaded petrol averaged 137.51p per liter on the same day. Edmund King, the president of AA, reassured that significant fuel price hikes won’t occur suddenly.
Fuel purchased at previous prices means the effects of rising oil prices may take time to reflect at the pump. Drivers are encouraged to compare fuel prices locally to find the best deals. Mr. King emphasized that while drivers should maintain their refueling routines, they can consider reducing non-essential trips and adjusting driving habits to save fuel, especially in warmer weather.
Online tools like Petrol Prices provide free services to check the latest petrol and diesel prices based on postcode. The RAC offers current national averages for petrol and diesel, including data from supermarkets and motorway stations. The government’s new “fuel finder” initiative mandates all UK filling stations to report petrol and diesel price changes within 30 minutes, facilitating open-source data for apps, websites, and car navigation systems to display real-time prices.
The Competition and Markets Authority will take action against retailers failing to comply with the reporting scheme. To save on fuel costs, drivers are advised to avoid pricey motorway service stations and plan refueling stops strategically. Regular car maintenance is also recommended to ensure optimal fuel efficiency.
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