Petrol prices rise above 150p a litre for first time in five months

Petrol prices have surpassed 150p a litre on average for the first time in five months, according to the AA, in a blow to motorists. Drivers also face diesel prices above 158p per litre, a level last reached in November, the breakdown company said. Petrol prices have now risen by 10p a litre since January, while diesel has risen by around 9p. AA spokesman Luke Bosdet said: “Road fuel priced above 150p a litre grabs the attention of drivers and will lead some to re-tighten their belts on other spending.” Fuel costs have climbed rapidly after recent tensions in the Middle East sent the price of Brent crude oil surging above $92 (£74.48) a barrel. Oil prices have since fallen back sharply to about $87 but there is a lag between rising wholesale prices and forecourt costs. The AA’s figures are based on petrol pump price data for Monday submitted to the competition regulator by the four biggest supermarkets and four of the main oil companies. The data covers 2,909 forecourts – equivalent to about 60pc of the total across the UK. The AA found that 28.1pc of forecourts were charging at least 150p a litre. A week ago, it...

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